August 29, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 1.2% in negative at 9796
- AD was 1:2 (not bad)
- VIX up 7%
- swing low support at 9700
- triangle clearly visible
- if triangle breaks on downside, correction to 9550-9600 possible
- triangle breakout on upside will give rally to 10200 levels.





5 min charts
- short trades are marked with arrows
- I traded the first and second short signal
- 2nd short trade was not managed properly (trailing SL was too tight)
- eventually earned barely 65% of what I should have earned.





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