March 11, 2014

Market outlook

Markets take a pause.

Most probably we are seeing a bullish continuation pattern...  this means a pause followed by more upside.

Even if this does not happen, broader structure will be intact if market breaks today's lows but continues to trade above 6360 spot.

Advance decline was negative. VIX shows a drop while option writing shows support at 6400-6200.

No comments:

Post a Comment

Share this...