May 7, 2018

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 0.9% positive at 10715
- AD was 8:7 ... not good
- swing low support 10600
- option writing support 10500 resistance 11000
- highest OI still at 11000 call... meaning option writers see limited upsides
- OI building up at 10600 put





5 min charts
- breakout from range was buy signal
- multiple buy signals as per arrows
- cover at close



Whatever method you followed today... you would have made money

Hourly breakout system



kplswing with N=20



Just follow the trend and trade...

15 min charts also give a buy

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