Market Outlook Date:01/11/2020

   KLCI

KLCI support level at 1480 broken with a long body bearish candle, bearish signal. MACD red histogram getting bigger and MACD below zero level, bearish momentum getting stronger. Stochastic also bearish crossover.

If KLCI failed to recover above the 1480 level within 3 to 5 days then the next support at 1460, 1410.

Please be careful...

DJIA

DJIA broke the 27100 support level with gap down price action, if the gap cannot be recover within 3 to 5 days from the beginning of the gap down date then this might be a significant bearish exhaustion gap.

MACD below zero level while Stochastic at oversold region, bear is in control for the moment.

Lower High and Lower Low also formed a characteristic of downtrend.

Please watch out...

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