January 24, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, markets closed almost 1% in positive
- AD was average, VIX down 4%
- close was at 10 days high
- option writing resistance 8500 (FEB series)
- increasing swing reversal level/ SL from 7900 to 8300 for long trades




5 min charts
- breakout above yesterday's swing high was buy signal
- cover on close




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