Pre-market, Monday, February 22, 2021
Good morning traders!
We have a head strong 20 days trend up, a little bit more weakened than last night, but up non the less. Teh VIX scalated a couple of points overnight, accounting for the movement down we saw.
The market currently made huge flux under the VA we previously had, which is very normal given the high relative colume we had overnight in the low areas, showing how seller put pressure there. We had some acceptance in this area, and now we strugling trying to decide4 to go up into the VA, of even lower. If we go lower than 3861, we can expect a good deal of volatility. I'll be long for this one, looking carefully for that implied volatitly. Long at 3882, wrong at 3861, TP at 3916.
We have a head strong 20 days trend up, a little bit more weakened than last night, but up non the less. Teh VIX scalated a couple of points overnight, accounting for the movement down we saw.
The market currently made huge flux under the VA we previously had, which is very normal given the high relative colume we had overnight in the low areas, showing how seller put pressure there. We had some acceptance in this area, and now we strugling trying to decide4 to go up into the VA, of even lower. If we go lower than 3861, we can expect a good deal of volatility. I'll be long for this one, looking carefully for that implied volatitly. Long at 3882, wrong at 3861, TP at 3916.