Summary of Global Indices’ Technical Outlook
S&P500 (SPX) - SPX is likely to stay sideway within the
2160-2190 level.
Nikkei 225 (NKY) - We remain our neutral outlook for NKY for
now despite it had broken above the 200MA. We may upgrade our view to bullish
if it manage break above 17250.
Hang Seng (HSI) (Top pick) - HSI may break 24000 easily
given its accelerating uptrend momentum. The next resistance after 24000 is at
24750.
Strait Times (STI) - STI should be heading toward 2960. It
could turn into an uptrend if breaking above 2960.
KLCI - Should retest 1700 and stand a good chance to break
above 1700.
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