December 2, 2016

Market outlook

Daily charts
- trend is down on daily charts
- today, markets opened gap down and closed 1.3% in negative
- AD was negative, VIX up 7%
- in addition, sell was generated on 15 min charts (long closed)
- now recent swing low is around 7900
- next week, holding above 8300 will be considered bullish

5 min charts
- gap down opening below previous day's support
- strong indication for trading short side
- best are for short is shown in circled area... ample hints
- I was short from first 10-15 min of the day... covered on close

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