September 16, 2015

Market outlook

- trend is down on daily charts
- last 4-5 days pattern points to a small rising wedge pattern
- today was a doji with advance decline being flat
- option writing not giving any clues
- big media created event expected to happen tomorrow.
- for uptrend to continue, formation of higher swing low is necessary and this may happen in next 1-2 days
- markets closed tomorrow so Friday close is important from daily perspective of weekly charts

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