April 21, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 0.2% in negative
- AD was flat
- past few days, I am seeing a lot of selling at higher levls
- today, NF opened positive but lost almost 100 points
- these wild swings are typical of an expanding wedge
- option writing support 9000

5 min charts
- first bar saw huge selling
- short signal was break of 9165
- cover short as per trailing SL
- trading range was almost 100 points

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