June 16, 2016

Market outlook

Daily charts
- trend is up on daily charts
- today markets opened gap down and closed in negative
- AD negative, VIX up 3%
- recent lows around 8070 are still holding
- option writing support 8000 resistance 8300
- highest OI is at 8000 put but there was a reduction in OI
- will 8000 break this series? Let's see.

Hourly charts
- no clear trend visible
- support 8075 F

5 min charts
- shorted around 3rd/ 4th bar of the day
- covered near day's low/ in the box area
- did not trade long
- took some short trades before close (not shown)

My trades... stock option trades are positional

No comments:

Post a Comment