February 17, 2017

Market outlook

Daily charts
- trend is up on daily charts. Support 8700
- today, we had a strong gap up opening followed by selling
- the gap up was outside the range (breakout?)
- immediate selling saw NF closing near day's lows
- despite strong positive opening, AD was flat
- next week, trading below 8800 can lead to correction

5 min charts
- did a fast short trade and closed within 15 min.
- no long trade considered

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