Global Equity Indices
As already mentioned in the Daily Newsletter on 26th January 2018 of a potential 4 to 5 percent correction in equities. This prediction has turned out to be accurate. The market Market went through this fall.
Today, Asian markets have opened gap down as well as US & UK Index Futures are also trading negative.
Today, the markets may close slightly negative or flat. The next 2 days are positive for equities. This positivity may last till Thursday. On 9th, the market will again decline.
S&P500 March & DOW March Future contract made low of 2733 & 25150 while NASDAQ March contract made a low of 6710 in Asian hours FTSE March contract made a low of 7273. CAC Feb and DAX March contracts saw a low of 5321 and 12528. AEX made a low of 543. Hang Seng Index made a low of 31637.
Trend shall be bullish for Gold and Silver from next session. Gold will be relatively more positive. On Friday, profit booking is indicated. March is going to be more bullish.
Crude shall be bullish from next session. On Friday, profit booking is indicated.
Indian Stock Market
Indian market shall have a gap down opening for the day. For next 2 days, trend shall be positive. We had publicly opened our view that a correction of 4 to 5 percent was due; which has turned out to be correct.
#Detailed strategy: only for members.
In our Annual Letter 2018, we wrote that markets would go through a considerable decline by 5th February 2018.
What is the trend after 15th?
#Disclaimer: The prediction is only for educational purpose.