August 13, 2018

Market outlook

Daily charts:
- trend is up on daily charts
- today NF closed 0.6% in negative at 11356
- second day oh lower high lower low
- AD was 1:2 (not bad)
- not much selling after markets opened gap down (good sign)
- option writing support 11000; may increase to 11200 (good sign)

5 min charts:
- no trades today
- first bar of day showed buying at lower levels
- waited for some more time only to see buyers stepping in
- decided not to short (made mistake of not trading long)
- breakout from range was buy signal
- ignored it as this was very close to resistance (prev day low, dotted line)
- did nothing thereafter
- shorting near dotted line would have been good trade

same chart with kplswing indicator

- tomorrow trading above 11430 F will be very bullish

15 min charts:

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