Bursa Malaysia (KLSE) Daily Info Edge Zone
S&P 500 fell through its 200-day moving average!
Durian Edge
Publish date: Wed, 23 Jun 2010, 08:59 AM
Durian Edge
0 1,080
Malaysia Forex | KLSE Index | FTSE KLCI | Bursa Malaysia | MayBank Forex | Malaysia Stock Trading | Malaysia Share
Yesterday S&P 500 fell through its 200-day moving average! Since the big drop at mid of May 2010 this is 2nd time S&P 500 drop below MA200. However the vol is not too high so for S&P 500 index to bound up still have hope.
Back to FBM KLCI today may facing some dip likely, how far we dip will be a sign of revisit below 1,300 level. Due to the rebound vol is not high so the support in this level may not strong.
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