August 9, 2016

Market outlook

Daily charts
- trend is up on daily charts
- slower pace of rally is slightly worrying
- markets are also around overbought levels
- so some consolidation / sideways movement can happen
- trend reversal support around 8500 (might break?)
- option writing resistance 9000



5 min charts
- sell signal today
- traded short from first bar
- cover on close
- tomorrow holding above 8730 F will be bullish



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