March 28, 2017

Market outlook

Daily charts
- trend is up on daily charts
- past few days, market is getting increasingly rangebound
- today, markets closed 0.6% in positive
- AD was flat while VIX was down 25
- option writing resistance 9500 APRIL series





5 min charts
- today, markets traded in a range
- there were 2 signals
- first buy was on gapup opening
- second buy was on breakout from box
- cover on close
- for tomorrow, trading below today's low will imply weakness.




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