February 8, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed 1.15% in negative at 10945
- AD was 1:2

- swing low around 10600

- 2 days ago, we had a breakout above 11000
- but markets sold off next day and today
- weekly close is below 11000

- I have remarked several times that even with a breakout above 11000, markets will encounter even more stiff resistance in the region 11100-11200
- this selloff has happened from same region

- I will comment on H&S tomorrow






5 min charts:
- I did not trade these 2 days due to a surgery in family
- This saved me a lot from this volatility



15 min charts:



30 min charts:



60 min charts:

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