Monday, September 26, 2016

Global markets generally had a small relief rally after FOMC kept Fed rate unchanged. However, the rally had faded toward the end of last week

This week market technical outlook

•             Global markets generally had a small relief rally after FOMC kept Fed rate unchanged. However, the rally had faded toward the end of last week
•             Speeches from centre bankers, first US presidential debate and OPEC meeting could be the drivers for global markets this week.

S&P500 (SPX) - Neutral for now but watch out for potential Lower Highs formation
Hang Seng (HSI) - May consolidate in between 23550 and 24000
Strait Times (STI) - Likely to consolidate further within 2800-2880
KLCI - Likely to stay sideway within 1650 and 1675




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