As expected, market drifts for the last couple of days, US S&P forms a symmetrical triangle which is usually a continuation price action, Nov low of 750 or Dow 7,500 will be in danger of breaching. That level will put US index below 2002/2003 bottom and severly damages the technical picture.
On a brighter note, Asians mkt although has breached the uptrend line but (HSI, Nikkei, STI, SSE) had held their higher lows. Price level for us to watch will be STI 1,575 which will give raise to the chance of forming a new low.
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