July 3, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 1% in positive at 9615.
- markets bullish as long as 9450 holds
- expanding triangle height = 9700-9450=250 points
- above 9700, rally possible to 9950 levels
- AD was 3:1, VIX down 5%
- option writing support 9400.





5 min charts
- long signals are as shown in chart
- I took the last one as I was not at trading terminal till afternoon.
- still positionally long in 9600 calls



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