March 1, 2016

Market outlook + my trades

Daily charts
- trend is down on daily charts
- today, NF closed 3%  in positive
- this was the best close in past 1 year
- AD strongly positive; VIX down 7%
- strong resistance around 7250
- tomorrow, close above 7250 and near day's high will be strongly bullish
- option writing support 7000 resistance 7500



Hourly charts
- NF rangebound on hourly charts
- very strong support around 6900-7000 levels
- sustaining above 7250 will be very bullish


5 min charts
- up and up


My trades
- did nothing today
- holding overnite long trades


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