14 August 2018 (8:59 AM IST)
13 August 2018 (11:29 PM EDT)
World stock markets are in a minor downtrend on Turkey and other trade war worries. After recent fall, today global indexes are showing volatility as their technical support levels come near.
That’s why Asian stock markets are trading mixed and U.S. and European stock futures are showing moderately positive numbers. SGX Nifty is flat/slightly negative, indicating a similar opening in Indian stock markets.
But these small positive numbers are minor pauses and as we saw in U.S. stock markets in their overnight session, any positive bounce can quickly turn negative on currency market trends.
Day traders should follow the short term trend since that can turn choppy today. Please do not look fro any big long trend as had been happening till early last week. Right now, it is a news-based trend reversal and only some positive news can stop it.