In this week, volatility shall be high. The market can turn dangerous as a sharp correction is possible anytime. The previous week’s low of 2580 for S&P500 can be breached. There are high chances for S&P500 dropping to 2500.
The period between Monday and Thursday is crucial as in this phase, a sudden decline is indicated. It is advised to short indices at higher levels.
On Friday, recovery is anticipated from the lower level.
S&P500 has support at 2580 and resistance at 2672.
European markets are closed for the day. Please note that HANG SENG shall be closed on 5th April 2018 as well.


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