April 12, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 0.4% in negative
- AD was negative, VIX up 2%
- signs of support developing around 9150 spot

5 min charts
- short on break of first box
- cover within 2nd box (big bar, hammer) or breakout from 3rd box
- one could have also gone long in breakout from 3rd box with trailing SL

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