March 24, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed flat
- AD was flat and so was VIX
- slower pace of this rally might imply some more correction is pending
- option writing resistance 9200 (APRIL 9500)

5 min charts
- breakout from first box was buy signal
- I did not trade long
- I traded the short side/ covered at close

No comments:

Post a Comment