February 6, 2018

Market outlook

Daily charts
- trend is down on daily charts
- today, NF closed 1.6% down at 10500
- AD was 1:6
- VIX increased by 25% making options very expensive
- low formed in first 5 min never broke during the day
- intraday rally was almost 300 points (move what one sees in a month happened in a day)

- note gap down opening was around 10300
- investors can consider 10300 as excellent SL.

- technical pullback/ relief rally can start anytime now

5 min charts
- best buy is shown in circled area
- I traded long as per arrow

- thanks to very high VIX and volatile moves, my trade qtty has come to 2 lots per trade.

Buy signal on 15 min charts.. SL 10300

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