February 12, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed 0.5% in negative at 10831
- AD was 7:11

- past few weeks markets are apparently stable
- but a lot of stocks are making new 52 week lows
- eg. today almost 300 stocks 52 week lows




5 min charts:
- took a positional short position around mid-day
- logic was trend is down and I was anyway close to SL
- covered half, holding rest (10800 PE)

- my guess is below 10850 F, fall of another 100-150 points possible



30 min charts:
- good support around 10700



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