January 25, 2016

Market outlook

Daily charts
- 2 consecutive days of higher high higher low
- see chart; observe strong resistance around 7500-7600 levels

Hourly charts
- trend is up on hourly charts
- caveat: market should be able to sustain above 7500
- so far this is not happening

5 min charts
- markets traded in first 5 min bar throughout the day
- down break took NF to next cluster of supports
- nothing to do whole day

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