November 14, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today NF closed 0.4% in negative at 10186
- this is the 6th day of correction
- as of now, slower pace of correction implies this is not a new trend
- option writing resistance 10500

5 min charts
- traded first short signal
- covered at 10 am bar (complete reversal of breakdown bar)
- did not consider next short signal
- traded long in circled area (low of the day)
- stopped out at very small profits

No comments:

Post a Comment