May 25, 2018

Market outlook

Daily charts:
- trend is down on daily charts
- today, NF closed 0.9% in positive at 10605
- note markets are roughly at prev swing low (10608)
- let us see if this level provides resistance next week
- AD was 2:1
- today was first formation of higher high higher low
- another 1-2 would be considered normal
- option writing support 10500

5 min charts
- today, you would have money whatever method you had followed
- I took long as per arrows
- exited first trade in circled area (10570) was a known resistance level
- second long trade was not a clean breakout... exited too early

Same chart with kplswing indicator... if trading was this easy

15 min charts
- trend is up with SL at 10550 F

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