Monday, February 20, 2017

S&P500 (SPX)- The immediate resistance level at 2,351. We expect the index to continue to move in

S&P500 (SPX)- The immediate resistance level at 2,351. We expect the index to continue to move in a narrow range with support level at 2,329. Hang Seng (HSI)- If HSI were to pull back to below 24,000, the immediate support would be at 23,550, which is a confluence of 20MA and its trendline.

Conversely, if HSI can resume its bullish movement above 24,000, the next resistance is at 24,500. Strait Times (STI)- The next support is at 3,072. If the index can breach above the 3,118 level, the next resistance is at 3,150. KLCI-

The immediate resistance is at 1,725 if the index breakout above 1,710. Conversely, the next support is at 1,700 if KLCI were to pull back from 1,710.

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