No trend change today, with North America closed for holiday

A warning for retail traders, who are warming up for trend change today in some counters as prices take a reverse course -

Change in trend in any counter is unlikely today, due to the market closure in North America, both in US and Canada. With New York closed for holiday, significant volume will not be present in the market, essential for trend reversal.

For example 

Pound is significantly up today against Dollar and on its way to first positive closing after nine days of consecutive loss. Pound is currently trading at 1.525 against Dollar, up 0.6% today.

However, it may not prove wide even for pound bulls betting on hawkish Bank of England (BOE) on a day with significant less volume, which makes it easy for few big trades to have greater impact on the market.

Similarly in the morning S&P500 future traded as high as 1945, but with cash market closed, it wouldn't have been wise to jump on the trade looking for reversal. S&P500 fallen since to trade at 1930 as of now.

So happy trading, but with caution.