Monday, April 17, 2017

We see the index finding support at 2,325 and staying largely sideways between 2,350 and 2,325 this week.

Indices Trend    Summary of Outlook

S&P500 (SPX)    
We see the index finding support at 2,325 and staying largely sideways between 2,350 and 2,325 this week.

Hang Seng (HSI)               
The index could make another attempt to break out of the downtrend channel. It the breach is successful, it could retest the previous high of 24,600 in the near term.

Strait Times (STI)             
STI could trade range-bound between 3,150 and 3,200.

KLCI      
The index is in correction and it should retrace gradually within the bear channel. The next support levels are 1,725 and 1,715.

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