Pre-market, Tuesday, May 4, 2021
Good morning traders!
Here is the recap for the market:
20 days trend: Up, the strenght has been kept pretty much as last night.
VIX: 18.2. After a tour down, and what seems to be a down trend of the VIX, we are back to the same level as last night. The VIX will be a good indicator of the direction of this market, so we sahll keep an eye on it during the day.
Market
The markets went to down all the way to the VAL after yesterday close, and came back to the VPOC during the night, from here the three more likely scenarios are:
1.-The market goes back to the VAH, and bounces, coming back to at least the VPOC before going for new highs.
2.-The market fails at VPOC, and bounces back up at VAL again, giving us a balance on the lows.
3.-The market bounces from VPOC to the lows, and fails to stay whitin the VA, going for a new area bellow the current.
From here, I will like to wait and see, before adding anything else to my positions.
Here is the recap for the market:
20 days trend: Up, the strenght has been kept pretty much as last night.
VIX: 18.2. After a tour down, and what seems to be a down trend of the VIX, we are back to the same level as last night. The VIX will be a good indicator of the direction of this market, so we sahll keep an eye on it during the day.
Market
The markets went to down all the way to the VAL after yesterday close, and came back to the VPOC during the night, from here the three more likely scenarios are:
1.-The market goes back to the VAH, and bounces, coming back to at least the VPOC before going for new highs.
2.-The market fails at VPOC, and bounces back up at VAL again, giving us a balance on the lows.
3.-The market bounces from VPOC to the lows, and fails to stay whitin the VA, going for a new area bellow the current.
From here, I will like to wait and see, before adding anything else to my positions.
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