March 1, 2018

Market outlook

Daily charts
- trend is down on daily charts
- today NF closed 0.3% in negative at 10458
- AD was negative
- swing low 10250 ... swing high 10650
- option writing resistance 10700-10800

5 min charts
- note market was taking support around 10465-10470F
- took long position as per first arrow and covered around 10500
- see selling around 10530 F.. this was also day's high and markets reversed from here
- took short position as per second arrow and covered at close
- third arrow shows another short trade setup

15 min charts
- trend is now down on 15 min charts
- circled areas show significant bar reversals.... these form tops/ resistances

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