June 29, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today NF closed flat amidst large swings.
- AD was 2:1 while VIX dropped 5%
- above are bullish indicators.
- swing low support 9300
- option writing support 9400
- tomorrow, holding 9470 spot or above today's highs (9575 spot) will be bullish.







5 min charts
- breakout above 9530 was buy signal
- cover between 9560-9580 F
- note 9580 is resistance as per hourly charts
- I traded the long side but avoided the short trade
- subsequent long trade from 9500 got stopped out.
- overall an average day... could have been better.





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