Mentorship

Mentorship

Dow

13 Nov 2018 ‚óŹ 02:56 AM

US Indices were down sharply. If the rising dollar was a reason for global equities to decline then that will go away and maybe temporary. The wave count however shows a 3 wave rise and 74% retracement done so wave 3 down of a larger crash for whatever reason can being for US stocks. The Dow is at the 20dma at 25344 as the last support below which we would be in crash mode for new lows. US indices managed a bounce to good retracements even as India did not see the same so if things get worse then we would have to expect a crash right away. Giving it a day to confirm if this was not a one day scenario of panic.

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