June 9, 2016

Market outlook

Daily charts
- trend is up on daily charts
- today, markets closed 0.8% in negative
- markets lost in one day what they gained in 3-4 days
- advance decline slightly negative; VIX up 3%

Hourly charts
- trend is up
- support 8150 F

5 min charts
- break of yesterday's box (green) could be considered as short signal
- I ignored this because of buying appearing in breakdown bar
- break of yellow box (formed today) was sell signal
- this trade gave no profits

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