November 9, 2015

Market outlook

- trend is down on daily charts
- so far 8 days of lower high lower low formed
- correction has taken 10 days so far
- big gap down opening today but close near day's high
- overall bar for the day is strongly bullish
- this bar has formed twice in OCT and first time this month
- indicates formation of strong support
- BEARISH view: formation of lower swing high possible followed by break of recent lows.

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