April 5, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, markets closed in positive but formed 'hanging man'
- AD was positive, VIX flat.
- this can lead to some selling if 9200 breaks
- broader trend is still strongly up so short side trade will be fighting the trend
- option writing support 9000 resistance 9500

5 min charts
- still trading long in options/ short in puts
- weakness below 9250 F only

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