January 20, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, markets closed 1% in negative and below the crucial level of 8380.
- AD was negative; VIX up 5%
- today, we also got a sell signal on 15 min charts
- option writing levels not clear



5 min charts
- gap down open and low formed at 8400 was big event
- break of this was sell signal
- close on close
- alternatively, failure of breakout above day's high could also be considered as short signal


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