January 23, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed within range of last 4-5 days
- closing was positive, AD 2:1, VIX flat
- fast close above 8500 can signal more upsides else rangebound




5 min charts
- rangebound trading day (big range though)
- I shorted calls in first circled area
- breakout from 2nd circle was a possible long trade for day traders.






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