Regional mixed. HS led higher in the afternoon, +65. NK -153p.DJ futs turned positive at 4pm local time, from –60 to +40.
Cash 1020.18/1023.7/1013.36/1023.02/-2.48/-0.2%
FKLI higher on late buying interest after 4pm. A “follow through sell market” was shortlived, now that it managed to recapture 7SMA. Likely to erratic/confuse if market trades within 1020-1040 range
Market seemed well supported today, did not pose any major danger near 1000. The mkt is taking each support as a springboard to bounce higher. While still short of a bullish breakthrough today, the mkt managed to prevent further damage and stay neutral…at the mercy of US tonight again.
Below 1032, downward-bias still. Above 1032 could signal fresh leg up again.
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