Market Update

US Market had a roller coasting last night, it hit a new yearly high and was selling down heavily. The candlestick looks very bearish, expected the retracement is imminent. market never go up one straight line.

As for S&P 500, the immediate support level I am watching is 1157 ~ 1150 area, where 1150 is the 20dma. and prior resistance turn to support now.



STI stayed flat yesterday, looks it can go either way now, but if US come down, it expected to retrace down to its 20dma 2850 thereabouts.