S&P500 (827, last week 869 or -4.8% w.o.w)
Another volatile week. Although index was up strongly a week earlier, the following week was a "strong down". The Daily Parabolic SAR which was the first to turn bullish is now bearish for the last two trading sessions. The Daily MACD has hooked down but has not crossover negatively yet. The MACD Histogram is still holding on while Guppy MMAs and DMIs (+ve and –ve) are remains negative. For the weekly readings, the MACD, MACD Histogram and Parabolic SAR are still positive. The weekly ADX trend, DMIs (+ve and –ve) and Guppy MMAs are still bearish. Support is around 820 and resistance at 900.
Another volatile week. Although index was up strongly a week earlier, the following week was a "strong down". The Daily Parabolic SAR which was the first to turn bullish is now bearish for the last two trading sessions. The Daily MACD has hooked down but has not crossover negatively yet. The MACD Histogram is still holding on while Guppy MMAs and DMIs (+ve and –ve) are remains negative. For the weekly readings, the MACD, MACD Histogram and Parabolic SAR are still positive. The weekly ADX trend, DMIs (+ve and –ve) and Guppy MMAs are still bearish. Support is around 820 and resistance at 900.
KLSE CI (910, last week 897 or +1.4% w.ow)
The daily indicators MACD, Parabolic SAR, ADX trend and DMI (+ve and –ve) have all turned positive during the week. The weekly charts MACD and Parabolic SAR continues to be positive but the weekly ADX trend, DMIs (+ve and –ve) and Guppy MMAs are still bearish. The index is expected to trade between 860 and 931.
HangSeng (13,555, last week 13,655 or -0.7% w.o.w )
The daily indicators like Parabolic SAR, MACD and MACD Histogram continues to be positive. The DMI (+ve and -ve) and Guppy MMAs are still negative. The weekly charts are still positive, especially the MACD, MACD Histogram and Parabolic SAR but the weekly ADX trend, DMIs (+ve and –ve) and Guppy MMAs are still bearish . Support is seen at 13,000 and resistance at 15,000.
Nikkei 225 (7,779, last week 8,077 or -3.7% w.ow)
The daily indicators MACD, Parabolic SAR, ADX trend and DMI (+ve and –ve) have all turned positive during the week. The weekly charts MACD and Parabolic SAR continues to be positive but the weekly ADX trend, DMIs (+ve and –ve) and Guppy MMAs are still bearish. The index is expected to trade between 860 and 931.
HangSeng (13,555, last week 13,655 or -0.7% w.o.w )
The daily indicators like Parabolic SAR, MACD and MACD Histogram continues to be positive. The DMI (+ve and -ve) and Guppy MMAs are still negative. The weekly charts are still positive, especially the MACD, MACD Histogram and Parabolic SAR but the weekly ADX trend, DMIs (+ve and –ve) and Guppy MMAs are still bearish . Support is seen at 13,000 and resistance at 15,000.
Nikkei 225 (7,779, last week 8,077 or -3.7% w.ow)
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Following S&P500, the Daily Parabolic SAR which was the first to turn bullish is now bearish for the last two trading sessions. The Daily MACD has hooked down but has not crossover negatively yet. The MACD Histogram is still holding while Guppy MMAs and DMIs (+ve and –ve) are remains negative. The weekly charts are still positive, especially the MACD, MACD Histogram. However, the Parabolic SAR, Guppy MMAs and DMI (+ve and –ve) are still negative. Support is seen at 7,500 and resistance at 8,600.
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