April 18, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, markets opened strongly but sold off later in the day
- close was below open and also below low of previous day
- AD was initially 2:1 but reversed to 1:2 at end of day
- VIX up 4%
- support 9000




5 min charts
- breakout from range was buy signal
- break below 2nd box was sell signal
- cover on close

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