Pre-market, Tuesday, June 8, 2021
Updated
Good morning traders!
Here is the recap of the market for the morning:
20 Days trend: Up and strong.
VIX: 16.41, with a quick push higher during the night, it came back at its previous value.
Market:
We had an spontaneous push to the down side this morning, that was quickly bought. It talks a lot of how traders are seeing this area, as cheap, and it meand most likely that this market will reach higher prices.
From here the VIX will be critical in telling the next move, as well as the volume, that might peak up.
Long from 4232.75
Target at 4250
Stop at 4196.50
Here is the recap of the market for the morning:
20 Days trend: Up and strong.
VIX: 16.41, with a quick push higher during the night, it came back at its previous value.
Market:
We had an spontaneous push to the down side this morning, that was quickly bought. It talks a lot of how traders are seeing this area, as cheap, and it meand most likely that this market will reach higher prices.
From here the VIX will be critical in telling the next move, as well as the volume, that might peak up.
Long from 4232.75
Target at 4250
Stop at 4196.50
Note
After the opening, we saw a raise of the VIX levels, and along that rise, the fall of the Market to the VAL. Luckily, I was able to add another contract there. The amount of time the market spent there (that was very little) makes me belive it is a good spot to buy, and that this market is still interested to go higher, just waiting for the push.
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