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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