Although US markets closed after some recovery from lower levels yesterday but Dow's Futures is more than 45 points down today and resultant all the Asian markets are in Red today morning. Dow's Futures was more than 70 points down almost whole day yesterday and in reaction European as well as Indian markets tumbled.
Adverse news flow from European countries and all the Global markets are reacting through sharp declines today. Sentiment is completely dampened therefore next supports have already been updated yesterday in "Melting Global Markets and Correction continuation".
Mentioned next supports testing is possible but very short term indicators are oversold therefore bounce back,volatility and minor Pull Back Rallis may also be seen after intraday supports at lower levels but today closing will depend on Global cues also.
Let US and European markets stabilise and Global sentiment improve then up moves will be considered after complete consolidation and bottom/base formations.
Adverse news flow from European countries and all the Global markets are reacting through sharp declines today. Sentiment is completely dampened therefore next supports have already been updated yesterday in "Melting Global Markets and Correction continuation".
Mentioned next supports testing is possible but very short term indicators are oversold therefore bounce back,volatility and minor Pull Back Rallis may also be seen after intraday supports at lower levels but today closing will depend on Global cues also.
Let US and European markets stabilise and Global sentiment improve then up moves will be considered after complete consolidation and bottom/base formations.