May 17, 2018

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 0.5% in negative at 10683
- AD was slightly positive
- this is second day of lower high  lower low
- immediate swing low is at 10600

- option writing support 10500 resistance 11000




5 min charts
- short position initiated around 10am
- holding short positions for tomorrow



Same chart with kplswing indicator



15 min charts
- trend is down
- resistance 10800 F



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