April 1, 2016

Market outlook + my trades

Daily charts
- trend is up on daily charts
- swing low 7550
- option writing support 7500
- lots of call writing around 8000 levels
- looks like limited upside from current levels
- correction not ruled out




Hourly charts
- trend is up
- reversal level 7600 F


5 min charts
- bias turining weak from yesterday
- took short position in the 2 boxes
- covered near day's low


My trades


There is a short position in 7900 call not reflected above.

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