KLCI & Futures

KLCI - is looking weak. DMI may make a -ve cross, MACDH at best is flat. More importantly the index has crossed below the 7-day MAV & is resting on the 14 day MAV. If 970 is too strong a resistance then the likelyhood is that it has to correct down first before making another attempt later. Futures are looking very weak as well, so I believe the CI will fall further & if it falls below the midBB line it will confirm the reversal into a downtrend. So watch out for this.


FKLI Futures are looking -ve. DMI looks like it will make a -ve cross, ADX is turning weak, MACDH is turning down as well. Index has fallen below the 7 & 14-day MAV & is resting on the mid BB line. A fall below this line coupled with the other weak signals will confirm the reversal & the futures will turn bearish. The 7-day MAV is also about to cross below the 14-day MAV another strong bearish signal. Time to shot the futures? Possibly bec going long would be very risky.