August 23, 2016

Market outlook

EOD charts
- trend is up
- rangebound market this month
- option writing support 8500 SEP series

5 min charts
- there were 2 trading opportunities
- first, when markets broke from range but formed a pin bar
- this was a short trade which I took just before the pin bar
- covered position near low of the range
- second trade was at 2nd or 3rd arrow - this was a long trade which I did not take

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