June 8, 2018

Market outlook

Daily charts:
- trend is down on daily charts
- today NF closed flat at 10768
- AD was positive
- option writing support 10600 resistance 11000

5 min charts:
- shorted on first bar using swing indicator
- this was a mistake as candlestick closed near the high and not the low
- mentally prepared for rangebound and then perhaps new lows
- managed a graceful exit around 10700 with small profits

- did not trade long as signal bar closed near the lows and not the high.
- but this trade would have given profits.

15 min charts:
- short trade generated today
- stopped out same day

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