In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we advise you about Indices pushing lower but beware of volatility.
We have experienced a few choppy erratic days in the equity markets. However, the prevailing direction now is firmly to the downside. This is largely due to concerns about global growth and, of course, trade war-related anxieties.
From a technical perspective, we are looking at the US500 below yesterday’s low of 2836. In the Nasdaq, we like this market lower below 7470. In the FTSE, we like this market lower below 7108 and, finally, in the EU50 we can look for opportunities below 3273.
One word of warning, these markets are very volatile and are very easily open to fundamental shifts so, as always, focus on risk management and be reasonable with your return expectations.
Indices Pushing Lower but Beware of Volatility – Full Video Analysis
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