10 June 2019 (9:01 am IST)
9 June 2019 (11:31 pm EDT)
World stock markets have opened with positive numbers in this new week, indicating that the trend is still positive, taking forward the last week’s uptrend. But the stock futures of bigger markets are showing slight volatility at this hour, so the intraday trend may remain choppy in this session.
At the time of writing, all major Asian stock markets are trading green. U.S. and European stock futures are also trading with positive numbers but these numbers are not stable, so we can expect some choppiness in these bigger markets in this opening session of the week.
SGX Nifty is trading with big gains, indicating a higher opening in Indian stock markets and perhaps a trend reversal too.
Day traders should watch their local index and expect the last week’s positive trend to continue. U.S. and European stock markets had big rallies last week and have triggered highly positive trend signals on their technical charts. World stock markets are finding support from the signal and are expected to trade positive in this week.