Monday, February 13, 2017

S&P500 (SPX)- SPX could continue to move in a narrow range between 2300 and the channel line toward 2325.


S&P500 (SPX)- SPX could continue to move in a narrow range between 2300 and the channel line toward 2325.

Hang Seng (HSI)- We expect the index to experience a mild pullback to trend line or around 23350 this week. Nevertheless, HSI’s mid-term uptrend is still intact and it could advances gradually toward the previous swing high of 24000.

Strait Times (STI)- STI could consolidate below 3100 next week before it retests the resistance level. The trend line and 20MA, around 3050, are the immediate supports. Beyond 3100, the next resistance is at 3150.

KLCI- KLCI could pull back to its immediate support at 1690 and consolidate between 1690 and 1700 before retesting the 1700 resistance. The next resistance above 1700 is 1710. 

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