Premarket activity, which as an indicator of actual market trading is a mixed bag with respect to its reliability. Our analysis is based on the knock on effect which states that when, in a highly negative environment such as we have been experiencing, the US market traders who apply the brakes to the rout by buying into the downfall and arresting the declines, is followed similarly by the Asian markets, the Euro zone markets often follow suit. It is a reliable stratagem. We will take our profits at between 120798 and 12110 today with stops set at between 11991 and 11958. A gap that formed last Thursday will close at 12128. This too is a significant indicator for us as all gaps eventually close.
US Markets Close in the Green
Daily Analysis - 04/04/2018