Fcpo closed at low following a RM12 dip in the preclosing stage with about 500 lots changed hands. Tech sellstops below 2550 on close.
Fcpo broke 2550 support, making 2500 a strong likelihood next week. But bears may be glaring at 2400 already. The risk of a fresh leg dw towards 2400 is huge if 2528 breaks.
Today, the mkt got stuck near 50 with not much move but late selling activity gave the bears something to cheer for when it finally track SO -1% in the closing 30-mins. Bulls will have a hard time as long as mkt stays under short term SMAs.
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