September 14, 2018

Market outlook

Daily charts:
- trend is down on daily charts (whipsaw?)
- today markets closed 1.3% in positive at 11515
- AD was 2:1
- option writing support 11400

- markets completely negate down bar of 11 SEP
- so break above 11600 can lead to new highs
- this will effectively stop out the short trade of 11 SEP




5 min charts:
- nice breakout today
- buy in circled area
- cover at close



- traded long today in 11500 CE
- booked loss in 11300 straddle
- made mistake of exiting short position in 11300 PE... should hv held till close
- another mistake was exiting part of 11500 CE near top of range.. should have waited till breakout
- this could have added atleast 5K more in profits



15 min charts:
- trend is up
- support 11450 F




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