October 24, 2018

Market outlook

Daily charts:
- trend is down on daily charts
- today markets closed 0.8% positive at 10225
- AD was 5:4
- VIX down 3%

- note past 4-5 days, all gap up openings were sold into

- option writing support 10000
- this may increase to 10200 in NOV series


5 min charts:
- volatile day today
- 4 frustrating trades today
- today swing was 300 points
- only the last one gave some money

- horizontal lines are SL... today SL was tight... 5 bar high/ low approx


Same chart with kplswing indicator N=5
- 3 loss making and 3 profit making trades


Same chart with kplswing indicator N=20
- here everything is a disaster




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