Fbm goes south from start, with a selloff in the first 15-mins of AM on CIMB MAYBANK, hitting the high of 1560s. Another round of selling in PM, hitting the low of 1560s, after EU opens -1%. Regional reverse AM stance of mixed tone to negative tone in PM, but within 0.5% range. Dj futs bearish all day from -50 to -90.
Fbm.fkli suffer tech breakdown scenario, fresh -ves, under 1570, but all the way to Jun’s low of 1536 this week ? Unlikely so bearish, a pause and tug of war near 1550-60 is more likely this week.
Below 1570 is dwtrend mkt.
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