FBMKLCI did wonders today, breaking out above the 84 level this morning, with its opening of 1585, all the way up to 88 before settling lower and closed @ 1582 level.
Support for now @ 78 and will be ranging within 74 - 69 level.
It's a sign of shooting star of the last candlestick from the chart today, which might be indicating a probable reversal at top.
US futures right now is -72 points / -0.56%.
Hence, it might be time for another mild correction again perhaps.
Remember the huge buying & selling i mentioned on my previous post? There you go; attached on this chart, you could see the foreign funds had sold a pretty huge amount of stocks; which are mainly from the TOP 30 big caps to the local funds.
The local funds have been pumping in lotsa cash recently due to the selling from foreign, that resulted in the rising of FBMKLCI.
What could be up next?
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