November 17, 2017

Market outlook + Option Analysis

Daily charts
- trend is up on daily charts
- today NF opened gap up but closed near lows of the day
- overall NF was still 0.7% up at 10284
- AD was 11:6

Option Analysis
- resistance seen at 10400-10500
- support seen at 10000 and not at 10200 or 10300
- so correction not ruled out



5 min charts
- big gap up opening limited trading opportunities
- all gains went to positional traders
- a short trade was possible on break of 10340 and cover near close

- I was out of market

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