February 19, 2015

Market outlook

Trend is still up with small signs of selling coming along the way.

Note that since we are looking at a very minor trend, your SL should be adjusted accordingly. Currently this should be below 8800 spot.

Recent swing low is 8470.. expect strong resistance near 9000 levels where we also have highest open interest in call options this series.

EOD charts

Intraday charts: break below first box was sell signal which got covered in second box. Long thereafter was a whipsaw (breakout above second box). Second long above third box was a profitable trade.

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