May 24, 2018

Market outlook

Daily charts:
- trend is down on daily charts
- today NF closed 0.8% positive at 10514
- AD was flat
- option writing support 10500




5 min charts
- traded long today
- breakout from range was buy signal
- in hindsight, first arrow was best buy signal as it was close to prev day low
- since broader trend is down, I kept tight SL for long position (2nd box)
- did not trade short as support close by (dotted line)
- missed the rally after 2 pm as my system cannot capture it



same chart with kplswing indicator



15 min charts
- short trade stopped out at very good profits
- trend is up with SL around 10400 F



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