June 2, 2016

Market outlook

Daily charts
- trend is up
- support 8000-7700
- resistance 8400
- option writing levels 8000-8400
- today, markets closed in positive
- AD flat, VIX down 5%



Hourly charts
- trend is up on hourly charts
- support 8150 F


5 min charts
- markets traded in first hour range throughout the day
- breakout from range was bullish



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