December 19, 2016

Market outlook

Daily charts
- trend is down on daily charts
- index is rangebound; net move this month is 1% minus.
- today, markets closed in the red but within last 2-3 days range
- AD was negative, VIX down 3%
- option writing support 8000 resistance 8300



5 min charts
- rangebound market
- did nothing today
- no overnight positions


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