Pre-market, Monday, May 3, 2021
Good mnorning traders!
Here is the recap for the market:
20 Days trend: Up and strong, no sign of this trend getting weaker at all.
VIX: 18.4.
Market:
Right now we got a very interesting market, even thoug we got a VA as reference, the market seems to be playing all along with the volume, doing balance in the VA, and over it. right now we are balancing the higher part of the VA, using the volume we have below as a bouncing point. I'll be carfeull on how to trade this market, being long might require a broad stop all the way to the bottom of this volume peak. Here are the three situations a can see happening this morning.
1.-The market balances around the higher prices of the volume, and the breaks higher.
2.-The market fails to balance in the higher prices of the volumne, and we get to the lows of the VA, were we get rejected, and come back up.
3.-We directly go higher from were we are.
I see two great oportunities from here for longs:
Long at 4185 and 4170
Stop at 4157
Take profit at 4202
Here is the recap for the market:
20 Days trend: Up and strong, no sign of this trend getting weaker at all.
VIX: 18.4.
Market:
Right now we got a very interesting market, even thoug we got a VA as reference, the market seems to be playing all along with the volume, doing balance in the VA, and over it. right now we are balancing the higher part of the VA, using the volume we have below as a bouncing point. I'll be carfeull on how to trade this market, being long might require a broad stop all the way to the bottom of this volume peak. Here are the three situations a can see happening this morning.
1.-The market balances around the higher prices of the volume, and the breaks higher.
2.-The market fails to balance in the higher prices of the volumne, and we get to the lows of the VA, were we get rejected, and come back up.
3.-We directly go higher from were we are.
I see two great oportunities from here for longs:
Long at 4185 and 4170
Stop at 4157
Take profit at 4202
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.