Pre-market, Friday, May 7, 2021
Good morning traders!
Here is the recap of the market:
20 Days trend: Up, and getting a little weaker, this means we might have a trend shift happening, or that it is only changing it's way, any way, must be carful not to follow the trend blindly.
VIX: 18.3. So far, the VIX movement agrees with what we have seen in the market, when it goes higher, the market go lower, and when it goes lower, the market goes higher.
Market:
After finishing the balance on the previous VA (the one that happen after the big dip) we manage to break through and go to higher lands, where we might, star balancing, or maybe falling, still a little too early to know for sure. From here what I will like to see before trying to get involved in this market, will be the market to take a deep, and a stance on where the prices are cheap right now, the overnight sesion did not gave away that information. Of course, we always got the possibility of falling back, or to break higher.
Fir the time being, I'll be long if we revist 4175.25. I will like to add a second contract lower, but since it is friday, I don't want to risk having a position open for the weekend.
Stop at 4158.25
Target at 4204.00
Here is the recap of the market:
20 Days trend: Up, and getting a little weaker, this means we might have a trend shift happening, or that it is only changing it's way, any way, must be carful not to follow the trend blindly.
VIX: 18.3. So far, the VIX movement agrees with what we have seen in the market, when it goes higher, the market go lower, and when it goes lower, the market goes higher.
Market:
After finishing the balance on the previous VA (the one that happen after the big dip) we manage to break through and go to higher lands, where we might, star balancing, or maybe falling, still a little too early to know for sure. From here what I will like to see before trying to get involved in this market, will be the market to take a deep, and a stance on where the prices are cheap right now, the overnight sesion did not gave away that information. Of course, we always got the possibility of falling back, or to break higher.
Fir the time being, I'll be long if we revist 4175.25. I will like to add a second contract lower, but since it is friday, I don't want to risk having a position open for the weekend.
Stop at 4158.25
Target at 4204.00
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