August 14, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF opened gap up and closed 0.86% in positive
- Friday's doji was clear indication of fight between bulls and bears.
- support at 9700 still holds
- most probably this is a 'dead cat bounce'
- AD was 4:1
- VIX down 5%





5 min charts
- gapup opening
- rangebound trading afterwards

 

On hourly charts, we have a buy signal with SL around 9700F

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