CHART

 

The US Equities S & P 500 and Dow Jones have witnessed strong sell off from last two trading sessions. The move in US equities was fierce and gap down did not see much of a recovery closed near the lows of the day. Thus, until 2692 on S&P 500 is protected on upside bearish sentiment remains to be intact.

The million dollar question is,

Was the fall in US Equity markets of 5% there be captured?

 

Yes, is the answer. The trend reversal in S&P 500 perfectly followed both basic and advanced technical analysis techniques. As trend could have been captured wit low risk high probable setup. A perfect STAR trade setup could have been established.Therefore, there was an opportunity to grab with both hands.

However, we were fortunate able to catch top of 2944 on S&P 500 by the application of  [P] Square Elliot Waves.

For more details of trends on Indian & global equities and commodities and latest updates, visit & subscribe our youtube channel Traderz Hut and join Trade Quest weekly webinar .

https://www.youtube.com/watch?v=NqaRTfeb6K4&t=3s

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Join our 5-steps to be a successful Day Trader Workshop & Traderz Hut community.

 

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For any queries or more details contact us traderzhut@gmail.com or +91 78291 55900

 

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