Good afternoon traders!
Here is the recap of the market:
20 Days trend: Up, weak, getting stronger.
VIX: 16.32
Market:
Ther market came higher since monday, and now we got a new VA on top of previous. Since it looks like the market is loosing momentum, and the curren VA is really small compared with the previous ones, I belive we will have a correction from here, that migh end up merging this two areas into one. From here I will like the market go lower and touch previous VAL, and come back to the current VAH. If it does not come back to VAH, we might have a head&shoulders situation, with most time ending in a deep.
Here is the recap of the market:
20 Days trend: Up, weak, getting stronger.
VIX: 16.32
Market:
Ther market came higher since monday, and now we got a new VA on top of previous. Since it looks like the market is loosing momentum, and the curren VA is really small compared with the previous ones, I belive we will have a correction from here, that migh end up merging this two areas into one. From here I will like the market go lower and touch previous VAL, and come back to the current VAH. If it does not come back to VAH, we might have a head&shoulders situation, with most time ending in a deep.