September 9, 2016

Market outlook

Daily charts
- trend is up on daily charts
- sideways movement expected as markets near Big Round Number (9000)
- option writers expecting correction



5 min charts
- yesterday's channel gave a hint for today' correction
- took a short trade in 3rd bar of the day (first circle)
- covered around 8900
- took another short trade at 2nd circle
- stopped out.
- missed the 3rd short above 8935 F


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