Post-market, Wednesday, June 23, 2021
Good afternoon traders!
Here is the recap of the market:
20 Days trend: Up, weak, getting stronger.
VIX: 16.32
Market:
Ther market came higher since monday, and now we got a new VA on top of previous. Since it looks like the market is loosing momentum, and the curren VA is really small compared with the previous ones, I belive we will have a correction from here, that migh end up merging this two areas into one. From here I will like the market go lower and touch previous VAL, and come back to the current VAH. If it does not come back to VAH, we might have a head&shoulders situation, with most time ending in a deep.
Here is the recap of the market:
20 Days trend: Up, weak, getting stronger.
VIX: 16.32
Market:
Ther market came higher since monday, and now we got a new VA on top of previous. Since it looks like the market is loosing momentum, and the curren VA is really small compared with the previous ones, I belive we will have a correction from here, that migh end up merging this two areas into one. From here I will like the market go lower and touch previous VAL, and come back to the current VAH. If it does not come back to VAH, we might have a head&shoulders situation, with most time ending in a deep.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.