December 29, 2016

Market outlook

Daily charts
- trend is down on daily chart
- withing this down trend, a small rally is happening
- I do not expect rally to cross 8300
- today, markets closed in positive
- AD was 2:1 while VIX was down 3%
- option writing support 8000 resistance 8200

5 min charts
- breakout from range was buy signal
- cover at close

- today, I had severe internet problems... even the backup was unreliable
- so I exited my short position in 7900 put (but in profit)

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