June 18, 2016

Market outlook

Daily charts
- trend is up on daily charts
- past few days price action indicating limited upside
- while 8000 is still holding, the buying is not strong enough
- trading range remains at 8000-8300 for this week

Hourly charts
- rangebound market seen
- support 8070 F

5 min charts
- first box indicated markets unlikely to sustain
- selloff expected
- shorting areas shown with arrow

My trades
- booked loss in overnight short trade
- changed mind and repeated short trade
- recovered most of losses

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