Price Action Important Today

15 Feb 2022

I feel the need to express how today's price action is most significant. The FUB over Russia/Ukraine apparently abated overnight (if it was even a real threat to begin with) and that sparked a rally in equities. However, it only bring the market to a key Resistance level. Meanwhile the VIX, which times the market, is also at an inverse support. What happens today could likely define the price action of the week, the next weeks, and even farther. Trade wisely.