Pre-week, Sunday, February 21, 2021
Good afternoon traders!
After a long week trying to get electrical power and general conditions to normal I'm back in the saddle.
For the past 20 days, we got a strongish up trend, with a VIX that has been swiming along the same values from 20s to 24s, we have now a market setup that seems pretty "normal" if we still have such thing.
From looking at hourly chart, we can see that last week was pretty much a week of pushing higher, rejecting, and rangin betwing 3890-3920. for the begining of this week, I don't see anything telling me to expect diferent from starting the same way, non the less, I see the lower area of this VA being rejected more strongly than the upper, for what I'll be cautios with shorts. Will be long at 3899, wrong at 3876, TP 3829.
After a long week trying to get electrical power and general conditions to normal I'm back in the saddle.
For the past 20 days, we got a strongish up trend, with a VIX that has been swiming along the same values from 20s to 24s, we have now a market setup that seems pretty "normal" if we still have such thing.
From looking at hourly chart, we can see that last week was pretty much a week of pushing higher, rejecting, and rangin betwing 3890-3920. for the begining of this week, I don't see anything telling me to expect diferent from starting the same way, non the less, I see the lower area of this VA being rejected more strongly than the upper, for what I'll be cautios with shorts. Will be long at 3899, wrong at 3876, TP 3829.
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