December 11, 2018

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed 0.6% in positive at 10550
- AD was 3:1
- VIX dropped 11%

- today we saw a gap down opening and a trading range of 100 points in 5 minutes
- intraday trading range was 200 points +
- today's panic low was well below recent swing low/ supports
- today's  low will be important in next few weeks to come

- option writing support 10000 resistance 11000

5 min charts:
- traded first buy signal
- stopped out in profit thanks to tight trailing SL

- today's volatility meant that option prices were moving extremely fast

- first bar of the day was 100 points

15 min charts:
- yesterday's sell signal and today's buy signal are at roughly same level
- and yet there is a move of 200 points

- see difficulty of market in trying to close above 10600 F

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