February 25, 2016

Market outlook + my trades

Daily charts
- trend is down on daily charts
- today, NF closed in negative; VIX was flat
- I am expecting a 5 legged triangle of which 3rd leg is in process
- condition is recent lows should not break
- breakout from triangle will be bullish

Hourly charts
- trend is down on hourly charts
- cluster of supports between 7000 and 6900

5 min charts
- break of initial trading was short signal
- cover at close

My trades
- took a trade on first signal
- tight trailing SL got triggered
- skipped market after 11am.

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