Trend in American and Asian Market for 11th – 15th August 2014
As expected, US market went up on Friday. Asian opening was expected to be positive for today and the same happened.
However, after UK opening, market shall witness pressure.
US market shall again trade negative and close in bearish mode.
For tomorrow, Asian opening is expected to be positive.
Closing as well, is expected to be negative for Asian market tomorrow.
Tomorrow, US market may witness a sharp decline which would affect Asian opening on 13th (i.e. turn it negative).
Negative closing is expected on 13th August 2014.
On 14th, Asian market shall be weak but US shall turn positive.
Asia will open gap up on 15th.
S&P500 may re-test or breach 1,890.
It is advisable to short S&P500 today for target 1,890 & below.
And then, enter in long position on 14th August and hold till weekend.