iVSA Weekly Market Outlook
Market FBM KLCI Outlook, 7 Sep 2015
After bar [a], a spring sign of strength, we saw a outside bar bullish setup but the market gapped higher, bar [b] to 1660 only to distribute to unsuspected buyers.
Expect to retest lower now back to 1540-1520 support level. Again at best, sideway congesting between 1520 & 1600 price level.
If market break below 1500 (the last major support), a new downtrend begin.
See you next week...
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