February 20, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF took support at 8800 and recovered
- AD was 2:1, VIX up marginally
- expecting stiff resistance around 9000 levels.
- note if 2 days "joined" candlestick is considered, a "hanging man" is formed today
- immediate support is at 8800... holding this will be positive this week





5 min charts
- 2 ways to trade long
- breakout from resistance area
- buy near support 8800
- cover at close

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