October 22, 2018

Market outlook

Daily charts:
- trend is down on daily charts
- today NF closed 0.6% in negative at 10245
- AD was 5:12
- VIX increased by 8%

- option writing resistance 10500-11000 support 10000

- wild guess... markets may bottom here. But call writing is showing no upsides.




5 min charts:
- short on signal
- cover at close
- price action traders would have shorted in circled area and covered near first hour low region




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