January 3, 2017

Market outlook

Daily charts
- trend is down on daily charts
- today, markets closed flat
- AD was 3:1; VIX flat
- option writing support persists at 8000
- resistance expected around 8300 (may break)



5 min charts
- markets trading in past 2 days range
- nothing to do
- still, initiated a trade but scraped thru with minimal losses



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