March 7, 2018

Market outlook

Daily charts
- trend is down on daily charts
- today NF closed 1% in negative at 10154
- AD was 1:7 while VIX dropped 3%
- note markets are nearing a very strong support region of 10000-10100
- option writing support 10000 and resistance 10600

- possible development of expanding triangle on hourly charts (bullish)





5 min charts
- initial bias was positive
- but there were signs of selling in first 4-5 bars
- took short position at 2nd arrow (1st arrow was best trade)
- stopped out.. error on my part
- took long trade... very wrong error. .. stopped out
- missed 3rd short trade



15 min charts
- trend remains down
- SL 10250 F



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