April 4, 2018

Market outlook

Daily charts:
- trend is down on daily charts
- today NF closed 1% in negative at 10128
- AD was 1:2; VIX increased 8%
- bearish engulfing bar was formed but
- this has less importance as prev trend was very small and
- market was rangebound for 4-5 weeks

- a lower swing high is now defined at 10300
- prev swing highs are 10500 and 10650

- option writing support 10000




5 min charts:
- breakdown from range was sell signal
- I shorted at first arrow (late)
- and covered in circled area (early)



15 min charts
- long position stopped out
- now trend is down
- expecting support around 10100 F

- I completely missed the strong resistance at 10300 spot.

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