August 23, 2018

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed flat at 11583
- AD was 4:5
- option writing support now at 11500





5 min charts:
- markets broke out of range but could not sustain
- yesterday's resistance at 11590 F should have provided  support
- squared off all positional longs within circled area
- thereafter markets took support at 11555 and recovered
- missed an excellent opportunity to go long



15 min charts:
- trend is up
- support 11550 F







No comments:

Post a Comment