Market outlook

EOD charts
- trend is up on daily charts
- today, markets closed 1.6% in negative
- AD was negative, VIX marginally up
- note good support around 7800
- so far, this week has seen rangebound movement
- increasing volatility might hint at trend reversal

Hourly charts
- markets rangebound on hourly charts
- support 7800 resistance 8000

5 min charts
- yesterday markets traded in a small range
- break of previous day's low was sell signal
- cover on close