Like I said yesterday, Dow Jones needs to take pause from its Bull run. You may check it here. And today Dow is likely to do just the same. There may be many reasons, like oil slipping due to unlikely production freeze, Fed likely to raise rates or even Bank of Japan maintaining status quo in rates. Whatever reason you may like to ascribe, it is certainly not the time to take definite trading decision to enter trade in US markets.
Now let me be candid about what you may expect from US markets in this week. You can expect wild intraday swings with false break-outs on both sides. This is definitely not what you would like to happen to your new trades, unless you can be very nimble footed in intraday trades.
That is why I would suggest that no new trades should be initiated in US markets now. I will give a clear indication to enter into trade again, like I did in this post. Hence it is important that you keep watching this space to initiate trade again in US markets, so as to enjoy clear hassle-free profit
Now let me be candid about what you may expect from US markets in this week. You can expect wild intraday swings with false break-outs on both sides. This is definitely not what you would like to happen to your new trades, unless you can be very nimble footed in intraday trades.
That is why I would suggest that no new trades should be initiated in US markets now. I will give a clear indication to enter into trade again, like I did in this post. Hence it is important that you keep watching this space to initiate trade again in US markets, so as to enjoy clear hassle-free profit
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