$VIX

We’re not in a bull market and under all the moving averages, so the market’s strength is diminished. You can find opportunities by knowing your levels!

Wait for trend formation and for the backbone of the market to strengthen. 

Don’t lose confidence or start hating the market, because it’s a game of probabilities, you are in full control of your actions – each day brings opportunities.

When you have macro binary events like today it is a good idea to stay light, elastic and ready for any sudden move. Don’t fight the trend as it will be painful

We are still waiting for the CPI numbers tomorrow, so I don’t go all-in before the end of this week. The $SPY is quite extended now, but $QQQ has room to go up.

Today is a price discovery kind of day and I am urging caution and less action – wait for price discovery. Don’t be stubborn as you could take a falling knife.

Today I am awaiting to see the market direction as it has become a little frothy and now it can go either way – the $VIX went up yesterday.

We may have the beginning of an active sequence, but until these three indices are healthy and above all moving averages I’ll not put my money at work.