December 23, 2016

Market outlook

Daily charts
- trend is down on daily charts
- today, NF closed flat
- AD was flat, VIX down 3%
- NF closed 2nd consecutive day below 8000
- weekly close is also below 8000
- option writing support 7900 resistance 8300




5 min charts
- breakout from first box was buy signal
- SL exit after breakdown from 2nd box
-my short trade got stoplossed... wrote calls on next short signal.


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