Asian equities bearish in AM amid DJ big losses overnight but recoup some losses in PM as EU shows little sign of panic to trade near flat in early Asian hours. Plus, Djfuts +40.
Fbm.fkli both sink deeper into –ve zone. Pressure is on as both are trading near 100SMA support, especially next week. 1540 seems safe this week but upside also limited till US debt plan is finalized.
Below 7SMA, breakdw risk is high in Aug for 1500-1540 play
Fbm.fkli both sink deeper into –ve zone. Pressure is on as both are trading near 100SMA support, especially next week. 1540 seems safe this week but upside also limited till US debt plan is finalized.
Below 7SMA, breakdw risk is high in Aug for 1500-1540 play
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