The US markets staged a relief rally that IMO was unconvincing. The S&P 500 up only 0.3% finishing at the low of the day. Also significant negative or bearish divergence on advancing to declining stocks for the 5 day marker , both for the S&P 500 and the Nasdaq 100.
The ASX will likely be positive today, however the current correction is likely to continue in the short to medium term. Nothing in the previous geopolitical risks globally has changed.
Short Term Trading Week Starting: 19 November 2018, page-55
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