February 7, 2018

Market outlook

Daily charts
- trend is down on daily charts
- today NF closed flat at 10477
- AD was positive at 4:1
- VIX down 3%

- option writing support 10000




5 min charts
- markets failed to sustain above prev day's last hour high
- short areas shown in box
- long trades avoidable
- cover at close

- note very small trading range for the day



15 min charts
- trading range too small to arrive at any meaningful trade
- overall trend is down

- note I will be using kplswing indicator for automated signals
- will explain whipsaws as we move on from here.

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