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Weekly Letter: Part of view on global markets
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.
Mr. Rajeev Prakash
Rajeev is a well-known astrologer based in central India who has a deep understanding of both personal and mundane astrology. His team has been closely monitoring the movements of various global financial markets, including equities, precious metals, currency pairs, yields, and treasury bonds.
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