April 12, 2018

Market outlook

Daily charts
- trend is up on daily charts
- today NF closed 0.4% in positive at 10459
- AD was negative at 2:3
- option writing support at 10300

- note formation of inverted H&S shoulder with neckline at 10480. A correction here can form the right shoulder. If true, then buy the dip for a breakout above 10480.

5 min charts
- breakout from range was buy signal
- cover in circled area... signs of selling at higher levels

15 min charts
- trend is up/ uptrend resumes
- SL 10440 F

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