November 9, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today NF closed marginally in negative
- today is 3rd market formed lower high lower low
- AD was positive
- VIX down 7%
- swing low support at 10100
- option writing support at 10000

- signs of buying emerging even as markets show mild correction

5 min charts
- traded long in first circled area... got stopped out (silly trade... buying before res)
- reversed trade to short side
- covered in 2nd circled area (buying emerging near 10300 area)
- did not trade long as signal came just before 3pm / bars were confusing

No comments:

Post a Comment