January 16, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, markets traded in previous day's range
- AD was flat, VIX up 4%
- option writing support 8300-8000, resistance 8500
- expect correction to start below 8370 spot



5 min charts
- breakout from box was buy signal
- cover at end of  day


No comments:

Post a Comment

Share this...