The SPI is indicated at 4758. The key support levels to watch are 4740/4745 and look for resistance at 4765/4770. I am following a possible triangle pattern here targeting the previous highs at 4790/4800 but yesterdays lows must hold at 4740 to keep this intact.
SPI 5mins:
Setups:
i) Looking to buy at support at 4740 with tight stops. If this breaks, get short with targets down to 4720/4700
ii) If we hold support and rally, look for breaks of 4765 to get long targeting 4790/4800
MSCI Singapore March 60mins:
MSCI Singapore remains in a strong uptrend. Key supports are 3600 then 3580. I am looking to get long into the moving averages targeting 3650/3670.
MSCI Taiwan June 60mins:
Showed an interesting reversal the last 2 days off the 3080 level. I think 3020/3000 are major supports and will looking to see how price trades out of these levels.
