Post-market, Monday, March 8, 2021
Good afternoon traders!
We have a 20 day trend down, stranger at a time. with a VIX at 25.6, going down from the 27.2 level this morning, and then coming back up just a little.
The market did as we expected, but in the range it wanted to, not in the one I said (as allways, Mr. Market is the boss, not the other way around). As of now, the market has told us where the cards are, and where is the current value, from here, I will expect to play it form outside the range to the inside, and be patient, soon enough we will have a break out, but chassing it will be fools errand IMO. I'll leave a long order for the night, ready to go at 3807, not before, looking for 3866, and wrong at 3767.
We have a 20 day trend down, stranger at a time. with a VIX at 25.6, going down from the 27.2 level this morning, and then coming back up just a little.
The market did as we expected, but in the range it wanted to, not in the one I said (as allways, Mr. Market is the boss, not the other way around). As of now, the market has told us where the cards are, and where is the current value, from here, I will expect to play it form outside the range to the inside, and be patient, soon enough we will have a break out, but chassing it will be fools errand IMO. I'll leave a long order for the night, ready to go at 3807, not before, looking for 3866, and wrong at 3767.
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