December 14, 2016

Market outlook

Daily charts
- trend is down on daily charts
- today, markets closed in the red
- AD was negative, VIX up 3%
- market is now trading in a range (triangle?)
- within this range, analysing movements does not make sense
- better to wait for a range breakout
- option writing support 8000 resistance 8300

5 min charts
- markets traded in previous day's trading range
- nothing to do

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