November 19, 2018

Market outlook

Daily charts:
- trend is up on daily charts (from today)
- this is the first buy signal after the correction
- immediate SL/ swing low 10400
- AD was flat (slightly positive)

- expecting very strong resistance around 10900 levels and then 11000

- option writing support 10000

My kplswing indicator has also given a buy.... SL 10440 spot

5 min charts:
- gapup opening was sold into
- did not trade later due to news based event
- the problem is never the entry... it is managing the exit.
- circled area shows

Same chart with swing indicator... note trade would have been stopped out around 10740 giving no profit no loss

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