May 16, 2016

Market outlook

EOD charts:
- trend is down on daily charts
- past few weeks, markets trading in a range
- today, markets up 0.6%
- advance decline flat, VIX flat


Hourly charts:
- rangebound on hourly charts
- no clear trend seen


5 min charts
- first sell signal not considered as it has come near a good support
- breakout from second box/ range was buy signal
- cover on close



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