May 17, 2016

Market outlook

EOD charts
- trend is down on daily charts
- past few weeks, markets trading in range
- today, markets closed in positive but near lows of the day
- advance decline flat, VIX down 3%





Hourly charts
- rangebound trading
- strong resistance around 8000 levels


5 min charts
- did nothing today because of strong resistance around 8000 levels


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