December 1, 2016

Market outlook

Daily charts
- trend is down on daily charts
- today, markets closed in the negative
- but higher high higher low formation was maintained
- AD was negative, VIX down 1%
- option writing support 8000 resistance 83000

5 min charts
- market traded sideways during the day
- today I traded long and short
- trades are roughly at arrows shown.
- logic was buying near support area and reversing trade near resistance

No comments:

Post a Comment

Share this...