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szechiah.t@maybank-ib.com
Philippines – Manila Electrics & BDO Unibank
Satriawan, CTA
satriawan@maybank-ke.co.id
S&P 500 Index Technical Review (62) 21 8066 8682
The SPX 500 index (SPX Index) extended its rally from Aug 2017 low of
Nguyen Thanh Lam
2,425. Friday’s gap-up further lifted the index above its previous
thanhlam.nguyen@maybank-kimeng.com.vn
resistance of 2,578. Although the Leading Index (LEI CHNG Index) has (848) 4455 5888 (Ext 8086)
turned negative for the first time since Sep 2016, the technical reading
for SPX Index remains positive, reflected by an uptick in RSI. The Kritsapong Patan
Kritsapong.p@maybank-ke.co.th
breakout above its upper Bollinger band also implies greater volatility
Regional
S&P 500 Index, VIX Index & Leading Index Chg P/P Monthly %
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ACCUMULATE
After established a
strong base at SGD3.65,
a new up leg is likely
underway. Last Friday’s
gap-up, along with
positive readings in
both Stochsatic and DMI
indicators, reflects our
optimism.
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Short-term uptrend is
confirmed by a positive
signal between 5-day
and 20-day SMA lines.
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