In today’s briefing:
- EQD | KOSPI 200 Falling, LONG Support
EQD | KOSPI 200 Falling, LONG Support
- The KOSPI 200 INDEX closed down last week (CC=-1) and is going towards the Q2/median support at 314. The index is also OVERSOLD MONTHLY (CC=-3)
- One possible scenario is to see the index downtrending into early/mid-November, find a bottom, and then begin a counter-rally from there.
- The index could go down more this week, but a LONG trade could begin at 314 support, and if that does not hold, the next support area is at 306.
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