December 5, 2018

Market outlook

Daily charts:
- trend is up on daily charts
- today NF closed 0.8% in negative at 10785
- AD was 5:12

- this is 2nd day of lower high  lower low

- swing low support 10500

- option writing support 10000 resistance 11000




5 min charts:
- gap down opening below support formed in 2-3 days
- rangebound market thereafter



30 min charts:
- sell signal generated today
- trend is down

- see support around 10500

- holding positional shorts

 

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