18 October 2019 (8:25 am IST)
17 October 2019 (10:54 pm EDT)
US stock markets have become rangebound near their all-time high levels and left world stock markets to decide for their trend.
As a result, different markets are trading on their technical or local cues, with mixed numbers. At the time of writing, major Asian stock markets are trading with mostly positive numbers. US and European stock futures are slightly negative, and SGX Nifty has dipped after yesterday’s rally.
Regional markets are showing a mixed trend. This is good for day traders; they can now focus on their local trend without bothering about any global trend.
World stock markets are expected to trade within a broad, monthly trading range. Technical signals will be most helpful in trading these divers trending conditions in global stocks. Check how your local markets are trading and follow that short term trend.