June 7, 2018

Market outlook

Daily charts:
- trend is down on daily charts
- today NF closed 0.8% in positive at 10768
- note selling at higher level on candlestick
- AD was 4:1
- 10 stocks made new 52 week highs versus 76 stocks at new 52 week lows
- option writing support 10600 resistance 11000





5 min charts:
- long from first bar
- covered around 10800 F



15 min charts:
- trend is up
- tight trailing SL (10 bar swing) would have triggered an exit today
- trend will turn down on close below 10750 F

No comments:

Post a Comment