May 17, 2019

Market outlook

Daily charts:
- trend is down on daily charts
- today markets closed 1.3% in positive at 11407
- AD was 5:4

- option writing support 11000 resistance 12000

- buy signal on 30 min/ 60 min charts

- taking a break from trading next week
- options are extremely expensive and volatility can wreak havoc in trades




5 min charts:
- missed a low risk long entry in box
- traded short; stopped out immediately
- could not get a suitable long entry afterwards



30 min charts:



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