Regional negative, led by HS that played up worries over “potential higher interest rate “ after Fed OKed to the US economy performance, providing a keen-jerk reaction or excuse to sell. While still to early to fear higher R%, pressure remains amid weaker DJ, meaning no clear mkt moving news at mom just a lot of noise.After yesterday, Fbm.fkli are considered firm today, postponing any real action for another day as it found support at 7SMA – at the dot.
Below, 1215 is a trading-sell mkt targeting 1200 or the green line in the near term – IF below 7SMA. But, because the mkt is likely to maintain a long-term bullish tone, fresh short is optional. Instead breakout long above 1225.
Before we see upside the mkt must first reverse its current toppish outlook, so probably no strong buy signal tomorrow.
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