Market outlook

Daily charts
- trend is up on daily charts
- strong resistance around 7700 levels
- today markets closed 1.3% negative, AD negative, VIX flat
- immediate support 7400 levels
- break below 7400 not good for markets as it puts rally in doubt

Hourly charts
- trend is up on hourly charts
- support 7400 F

5 min charts
- short trade below first box
- long trade above second box
- short trade below third box
- not trading this week so this analysis is hindsight.