May 19, 2016

Market outlook

Daily charts
- trend is down on daily charts
- but markets rangebound for past few weeks
- support 7700 resistance 8000
- today markets closed 1% in negative
- advance decline negative, VIX up 4%




Hourly charts
- markets rangebound/ directionless


5 min charts
- sell on break of initial trading range
- cover on close


No comments:

Post a Comment