| R3 | 1560.62 |
| R2 | 1555.05 |
| R1 | 1550.08 |
| Pivot | 1544.51 |
| S1 | 1539.54 |
| S2 | 1533.97 |
| S3 | 1529.00 |
| Open | 1546.87 |
| High | 1552.91 |
| Low | 1,545.69 |
| Close | 1,546.89 |
FBMKLCI moved strongly the first hour of opening moving higher toward the mid point of R1 and R2. It slip down and went flat before succumbing to selling pressure after lunch break to go lower of the day at above pivot. It closed near the day’s low forming a doji with long upper wick. The close is just below the long term down trend line
It clearly indicated the market is pushing to fill the gap but not forceful enough to do it.
With New York performing badly with the Dow Jones falling 4.3% and to the lowest close since Dec 9 2010, Friday market sentiment look bleak.
A weak performance on Friday will cause the 20d Ma to cross over the 50d Ma i.e. dead cross that will saw the market sentiment for the immediate term turn bearish.
