December 5, 2016

Market outlook

Daily charts
- trend is down on daily charts
- today NF closed nicely in positive and within the body of previous red candle
- this pattern is called 'bullish piercing' candlestick
- you can see more examples here.
- today AD was positive, VIX down 3%
- option writing support 8300

5 min charts
- long trades are shown with arrows
- I ignored first arrow and went short on second box
- got stopped out after 2pm
- did not trade long (why???)

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