It has been a while since I last updated my posts in i3. However I updated my telegram messages every day maybe due to better apps access. 

I last written china lockdown impose the economic effects, even with June lockdown lifted, the economy data is not coping up with china passenger data. China last posted a Q2 GDP of 0.4%, taking in account of April to May Beijing and Shanghai lockdown. We shall await Q3 GDP data for better clarification.

I also update on my previous construction posts, I could be too optimistic on the recovery, however market is always right. The share price has reflected, only the heavy-weight counters survived i.e. IJM, Suncon and Gamuda. Other second tiers was bad even ekovest-linked co get the RTS project doesn't seem to lift any construction sentiment. 

Above issues could be linked to Russia-Ukraine war, I have earlier highlighted in my telegram group that this war will go long and by hope that it will end in this year, but seems no light in the end of the tunnel yet. The pro-longed effect has caused inflation to shot up due to supply chain disruption and resulted federal reserve to take in continuous interest rate hike on this year 2022 (July 27-28, September 20-21, Nov. 1-2, and Dec. 13-14). I have updated in the group as well on thursday, seems like Feds Waller has taken a stand that he will monitor the inflation forecast on JULY before the july feds meeting to decide on the rate whether to put 0.75% or 1.00%. However market has speculated that with commodities price slow down, a 0.75% basis rate is more likely hence the market rallied on the two days.

Will post few index charts for sharing reference.

SP500 update: it is definitely still a downtrend bollinger, SP500 supported at 3778, 3720 and lowest 3501 and resistance at 3902 and lastly 4010 (would be interesting to see if it hit 4010 hahaha)

Nasdaq update: Again a downtrend bollinger, Nasdaq supported at 11476, 11239, 11095, and resistance at 12189, 12676, 12800.

DAX: All downtrend bollinger, however manage to survive the bottom, would be interesting to look. Supported at 12418, 12527. Resistance at 12954, 13217, 13398.

HSI: I last draw this chart on friday. Currently at support. Next support 19716, 18251. Resistance at 20552, 20771, ultimately 21000.

KLCI: Hmmmm like that lo currently at support. Few major support also broken, resistance at 1460 then 1480 and 1559. Support at 1375, and 1330. 

BITCOIN: it actually touches the bollinger band at 21688, should have taken profit this afternoon. anyhow... resistance at 21700, 22000 and ultimately 23400 if possible. support at 20964, 20479, 19941, lastly 17591.

Hence from the above charts, you know your resistance and support for better strategies. It is hard to predict market, but I would go for LONG strategies. If in my telegram group you would know hahaha

Join my group for live updates. Can join https://t.me/thinkaheadacca​

Good luck and all the best in this market. Dont give up.