Sunday, May 4, 2014

Weekly Market Reivew K200

K200 closed at 255.07 on Friday, 2-May-2014, lost 2.35 (0.91%) over the last 4 days (Temporary closing of KRX on 1-May, Labor Day), in a straight line down.

In my last week review, I mention that the support zone of 257-258.  K200 open about 257 on Monday , tried to push through 258.  Failed and close below 257.  It continued moving down despite SPX moved up for the few days.

K200 still looks bearish to me.  Until it shows some bullish signal, I believe it could move down to next support about 252 area.

KRX close on Monday and Tuesday (5-6 May 2014).  Let's see how K200 perform for the short trading week.

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