Daily charts:
- trend is down on daily charts
- today nifty closed 0.8% negative at 10855
- AD was flat (good sign)
- today only 166 stocks made new 52 week lows
- this is a good sign
- small swing high formed and identified around 11000
- only problem is VIX was up 5% today/ not coming down at all
3 min charts:
- first short trade was fast ... less than 10 min and profitable
- next trade was long trade ... stopped out
15 min charts:
- multiple false signals may mean
- markets are bottoming out or becoming rangebound
- trend is down on daily charts
- today nifty closed 0.8% negative at 10855
- AD was flat (good sign)
- today only 166 stocks made new 52 week lows
- this is a good sign
- small swing high formed and identified around 11000
- only problem is VIX was up 5% today/ not coming down at all
3 min charts:
- first short trade was fast ... less than 10 min and profitable
- next trade was long trade ... stopped out
15 min charts:
- multiple false signals may mean
- markets are bottoming out or becoming rangebound
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