June 13, 2016

Market outlook

Daily charts
- trend is up on daily charts
- today, market opened gap down and closed flat
- AD negative, VIX up 4%
- option writing support 8000 resistance 8300

Hourly charts
- markets break and close below 8150 F
- trend is down on hourly charts

5 min charts
- markets open gap down below hourly supports
- this can be taken as sell signal or break of first hour low
- markets did nothing whole day except trade in a range

No comments:

Post a Comment