July 1, 2015

Market outlook

- market closes above recent resistance/ reversal area
- now swing low set at 8200 spot
- trend still up on daily charts and will reverse to sell on close below 8200
- trend down on weekly charts and will reverse to buy on close above 8500
- trend up on monthly charts... no reversal so far.
- advance decline positive
- option writing points to support at 8000... no call writing resistance seen

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