Monday, February 6, 2017

S&P500 (SPX)- We expect SPX to continue trading within this tight channel until corporate earning seasons are over by end of February. The index’s channel and trend line are the support and resistance, which is around 2275 for support and 2315 for resistance.

S&P500 (SPX)- We expect SPX to continue trading within this tight channel until corporate earning seasons are over by end of February. The index’s channel and trend line are the support and resistance, which is around 2275 for support and 2315 for resistance.

Hang Seng (HSI)- HSI may continue to consolidate within 23000 and 23370 before  it attempt to breakout of the 23370 resistance. If this level is breached, the next resistances are 23650 and 24000.

Strait Times (STI)- STI should continue to trade within its bull channel next week. The next support is 3040 while the next resistance is 3100.

KLCI- KLCI should continue to rise along the channel. The next resistance is at 1700 and the support is at 1675 or the 20MA.



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