December 8, 2017

Market outlook

Daily charts
- NF closed at 10266 up 1%
- AD was positive
- NF has gained 300 points after my first sell call this year
- calling for a trend reversal when 10000 never broke is an error on my part
- so this short trade can whipsaw
- I will keep swing reversal SL at 10400-10500
- option writing support at 10000
- option writing also shows big unwinding in OTM calls




5 min charts
- long from first bar
- covered around 11.30 around 10280
- attempted short trade around 1.30... stopped out

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