March 16, 2016

Market outlook + my trades

Daily charts
- trend is up on daily charts
- NF trading in a range with support at 7400 and res at 7600
- today, markets closed in positive but AD was negative
- VIX down 3%
- option writing support 7200 resistance 7600

Hourly charts
- trend is up on hourly charts
- support 7400

5 min charts
- short signal on break of initial trading range
- cover short on breakout from 2nd box
- did not trade long

My trades

- will be out of station till this weekend so may not be trading

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