June 30, 2016

Market outlook

Daily charts
- trend is up on daily charts
- markets showing good gains past few days
- now NF is at pre-Brexit levels; this is true of most other global indices also
- today, AD was positive, VIX flat
- above 8300, expect rally to 8500
- support next series 8000 to hold

Hourly charts
- all losses recovered
- a short position was never considered so this is good
- above 8300, expect move of 200-300 points

5 min charts
- breakout from box was bullish
- cover on close

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