July 12, 2016

Market outlook

Daily charts
- trend is up; rally continues
- today markets closed in positive but AD was slightly negative
- on a different note, NF did manage a close above 8500
- option writers do not expect 8200 to break this series
- option writers see resistance around 8700 levels


5 min charts
- first hour high/ low range gave good signals
- note selling near day's high / circled area
- arrows show long trades


No comments:

Post a Comment