January 9, 2017

Market outlook

Daily charts
- trend is down on daily charts
- today, markets closed flat. AD was flat, VIX up 3%
- option writing support remains at 8000
- chances of a correction are high... let's see
- sustaining above 8300 can lead to rally to  8500 levels




5 min charts
- rangebound market today
- tomorrow, sustaining above 8270 F will be bullish

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