August 9, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today NF closed 0.7% in negative
- AD was 1:6... meaning lots of broad based selling
- support 9700
- swing low at 9400

5 min charts
- break of prev day's last 2 hours range was sell signal
- but this happened close to another support
- so first sell signal was not considered
- shorts were taken at 2nd and 3rd arrows
- cover at close

Here is the trade summary... ignore the cash trades.

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