June 21, 2018

Market outlook

Daily charts:
- trend is down on daily charts
- today NF closed 0.3% in negative at 10741
- AD was 1:2
- option writing support 10700 resistance 11000

- break from rising channel can lead to retest of 10400 levels




5 min charts:
- ignored first sell signal as it was near support
- ignored buy signal as markets was near resistance
- did not trade last sell signal when markets broke 10755

- in hindsight, best short trade was in circled areas
- price action traders would have made very good money here


15 min charts:
- yesterday's long trade got stopped out at breakeven
- today short signal with SL 10790 F



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