US market prediction - Intra day for August 7

US market may show very volatile pattern today. Apart from negative opeing or correction in morning itself,  sharp fall or day's low point may come in afternoon. Because of long trading hours and special card pattern for today's prediction, it is difficult to give a time band.

 

1. Short index options on flat or positive trade in early morning hours.

 

2. Long postions (with stop loss) can be created once/if dow jones falls between 125-200 points from day's highest point.There is possibility of another correction in late afternoon today.

 

usual risk/responsibility disclaimer applies

 

Modifications may be made after observing initial trade and nature of economci/biz news from US today