January 18, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, markets closed marginally in the positive
- AD was flat, VIX closed marginally in the negative
- last 4 days, markets trading in a tight range
- support formed around 8370.

5 min charts
- breakout from range was buy signal
- exit on break from second box
- short trade not considered

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