July 28, 2016

Market outlook

Daily charts
- trend is up on daily charts
- markets close at highest level this year
- holding 8500 will be bullish in AUG
- option writers do not expect 8500 to break next month
- call writing resistance at 9000 (AUG series)




5 min charts
- markets traded within initial trading range
- first/ second breakout failed
- nothing to do whole day



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