In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we investigate whether there is potential for further selling in the Indices.
At this stage, we are sure you are probably sick of hearing about the ongoing global trade talks between the US and China. With many tit for tat threats and bravado aplenty, it does impact the markets in a very profound way. With a strong risk off and fearful sentiment due to a number of significant geopolitical events seeping into these markets, it does give us the potential to trade these Indices to the downside if we get the opportunity.
As a result, if we see the US500 break below yesterday’s low of 2831 then it would represent a good high probability trade to the downside.
Potential for Further Selling in the Indices – Full Video Analysis
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