Daily charts
- trend is down on daily charts
- today markets closed in positive; AD was negative
- VIX was up 1.5%
- second day of higher high higher low (in context of this correction)
- option writing support exists around 8200
- contra view: NF trading in falling channel breakout from which will be bullish.
5 min charts
- rangebound market the whole
- breakout in last 10-15 min
Inverted H&S on 15 min charts
Holding above 8575 F will be bullish... SL 8500 F.
- trend is down on daily charts
- today markets closed in positive; AD was negative
- VIX was up 1.5%
- second day of higher high higher low (in context of this correction)
- option writing support exists around 8200
- contra view: NF trading in falling channel breakout from which will be bullish.
5 min charts
- rangebound market the whole
- breakout in last 10-15 min
Inverted H&S on 15 min charts
Holding above 8575 F will be bullish... SL 8500 F.
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