May 9, 2016

Market outlook

EOD charts
- trend is down on daily charts
- support 7700 resistance 8000
- note increasing whipsaws in buy/ sell swings in past month
- today markets up 1.7%, AD positive, VIX down 2%



Hourly charts
- NF closes above recent resistance at 7820 F
- next resistance 8000 levels
- immediate support  7700 F


5 min charts
- breakout above 7820 F was buy signal
- cover at close


No comments:

Post a Comment