US markets has reversed from top. As mentioned on previous post Thursday high should have broken with conviction, it didnt happen. As long as 15870 is not breaking on atleast one hour close basis trend can still be kept as up, otherwise we can take it as a top reversal which can touch 15800 and 15650.
However a gap down can be expected on Monday, so time to be cautious on long side.
Trade as per the risk appetite, Spreads are much better to trade as risk is defined Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.