May 30, 2016

Market outlook

Daily charts
- trend is up on daily charts
- some consolidation possible after 3 days of strong rally
- retest of recent supports (7900-8000 range) possible
- today, markets were flat, AD flat, VIX up 4%
- any correction should be limited to max 2-3 down days



Hourly charts
- trend is up on hourly charts


5 min charts
- markets rangebound today
- nothing to do
- support 8175 F

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