February 20, 2015

Market outlook

Trend is still up with small signs of selling coming along the way.

Note that since we are looking at a very minor trend, your SL should be adjusted accordingly. Currently this should be below 8800 spot.

Recent swing low is 8470.. expect strong resistance near 9000 levels where we also have highest open interest in call options this series.

sidenote... I am copy pasting above for past 3-4 days with no change in content.


EOD charts


Intraday charts

Slightly difficult day today... First trade was nice and easy and fast. Subsequent trades were minor profits or losses.

Boxes show area of support / resistance.


No comments:

Post a Comment