-fbm shows no life yet despite a rebound in most mkt., HS +300, SH +7, therefore limits Fkli upside. Fkli stuck within the mid point of 60-70 firmer range. Fbm extends a “5-day –44p-black candle” losing streak.
-DJ futs +40, Europe +1% reversing yesterday losses.
-today’s main show is fkli manages above 60. A good news for bulls but mkt yet to test bears serious resistance lvl…like 7SMA. ( 1286) It’s a guessing game of bears next action…after the mkt has fallen so much, so fast
-generally if above 60, it a “long” market, bouncing towards at least 1276+, 1/3 adjustment lvl. Below 1260, immediate trading sell towards 1250++
No comments:
Post a Comment