February 6, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today was the 6th gap up day
- not comfortable with so many unfilled gaps!
- markets closed in positive, AD 2:1
- immediate support 8700 levels
- expecting strong resistance around 9000 levels


5 min charts
- rangebound day today
- only good trade was intraday short trade on breakout failure
- I was long from first bar and covered on breakout failure
- did not trade short



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