January 31, 2019

Market outlook

Daily charts:
- few days ago I said trend is down as markets closed below a specific swing low
- later markets formed a lower swing low and today they recovered smartly
- note that we have 4 swing lows in recent month... all close to each other
- because of this, I am negating my prev view and am increasing the swing low SL to 10600
- till this is held, I will assume trend is up
- worst case, this  SL will be hit

5 min charts:
- breakout above 10710 F was bullish
- it was buy buy buy all the way

15 min charts:

30 min charts:

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