Post-market, Thursday, March 18, 2021
Good afternoon traders!
Here is the recap of the state of the market:
20 days trend: up, becoming strong by the hour.
VIX: Coming down from the highs it catched, I'll be surprised to see it going up againg before monday, but, we can always be surprised.
Market analysis: Currently the market went down the current VA, which is finally what we are used to see, a big VA that last a week or so, from here I see three possible scenarios:
1.-We re-enter the VA, and strugle along the day tomorrow, till we push on the last hours before close.
2.-We get rejected by trying to get into the VA, and from there we go lower into a previous VA.
3.-We do get into the VA, but there is not enough push at the end of the day, and market stays inside the VA, far from the highs of the VA.
Position: Long at 3918. TP 3962.75. Wrong: 3883.
Here is the recap of the state of the market:
20 days trend: up, becoming strong by the hour.
VIX: Coming down from the highs it catched, I'll be surprised to see it going up againg before monday, but, we can always be surprised.
Market analysis: Currently the market went down the current VA, which is finally what we are used to see, a big VA that last a week or so, from here I see three possible scenarios:
1.-We re-enter the VA, and strugle along the day tomorrow, till we push on the last hours before close.
2.-We get rejected by trying to get into the VA, and from there we go lower into a previous VA.
3.-We do get into the VA, but there is not enough push at the end of the day, and market stays inside the VA, far from the highs of the VA.
Position: Long at 3918. TP 3962.75. Wrong: 3883.