Post-market, Thursday, May 13, 2021
Good afternoon traders!
Here is the recap of the market right now:
20 Days trend: Down, and right now, it is getting a little consolidation in that direction, we'll have to wait and see if it truly is going that way.
VIX: 23.1.
Market:
After going down all week long, we finally have a breaktrough to the upper side. Right now is just a small sunshine throug the window, since everything indicates that if we fall bellow 4110, we'lll go back to high volatility, so I would not recomend to buy on the top of the previous VA.
Right now I see three scenarios:
1.-We fail, and go back to previous VA.
2.-We manage to break trough, and go higher.
3.-We start to balance and create a new VA, which will mean the temporary endo for the volatility we have seen all week long.
Righ now I'll be willing to go long at 4051
Stop at 4040
Target at 4111.25
Here is the recap of the market right now:
20 Days trend: Down, and right now, it is getting a little consolidation in that direction, we'll have to wait and see if it truly is going that way.
VIX: 23.1.
Market:
After going down all week long, we finally have a breaktrough to the upper side. Right now is just a small sunshine throug the window, since everything indicates that if we fall bellow 4110, we'lll go back to high volatility, so I would not recomend to buy on the top of the previous VA.
Right now I see three scenarios:
1.-We fail, and go back to previous VA.
2.-We manage to break trough, and go higher.
3.-We start to balance and create a new VA, which will mean the temporary endo for the volatility we have seen all week long.
Righ now I'll be willing to go long at 4051
Stop at 4040
Target at 4111.25
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