November 21, 2016

Market outlook

Daily charts
- trend is down on daily charts
- today, NF tanked 1.8% and closed below 8000
- AD was negative, VIX up 7%
- next support is around 7800 levels
- option writing support 8000 (DEC series)




5 min charts
- break of initial trading range AND yesterday's low was sell signal
- cover at close
- sustaining above 8000 will be bullish tomorrow.
- did not trade today.


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