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U.S Dow Jones Industrial Average Index

• A Global Market Retracement is always a healthy thing to see in the financial market.
• After all the U.S DJIA index rose from 18,213pts since 2020 Bear Market Low to 35,631pts (+17,418pts / +90%) into Year 2021.
• A market does not move up on a straight line but consist of rallies and retracement subsequently.
• Only a market retracement occur we will then get to see the index going for a stronger rally in the future.
• This certainly too requires the global financial market and economy sentiment to remain robust in the long run without any subsequence risk events to lead to a melt down entering into a Bear Market.
• Certainly all of these can be seen through the technical side of the market.
• As the DJIA Index is hovering near to its support 1 (33,510pts), if it is able to sustain at this region of sideways trend support in the near term = This is just a minor market retracement for the U.S stock market.
• Shall the DJIA Index needs to go towards its support 2 (31,992pts) = This will be a major market retracement for the U.S stock market.
• Whether it is a minor or major market retracement, you do not usually buy into the market during its retracement.
• In the near future as the index is able to find its support at either support 1 or support 2 it will starts to show a price action of reversal trend. By then only we will start to see the market finding their desired level of support and usually only starts to buy into the market.
• The Downside Risk is if the U.S indices needs to go for a major retracement towards its support 2 and fails to find its support there or leads to a breakdown below this level, the U.S market will only mean it will enter into a Bear Market in the long run just like Hong Kong and China market.

U.S S&P 500 Index

• The U.S S&P 500 Index too made an impressive bull market run for nearing +100% since 2020 Bear Market Low.
• Current retracement could lead it towards its support 1 = Minor market retracement.
• If it is needed to go towards its support 2 = Major market retracement.
• Whether it is a minor or major market retracement, you do not usually buy into the market during its retracement.
• In the near future as the index is able to find its support at either support 1 or support 2 it will starts to show a price action of reversal trend. By then only we will start to see the market finding their desired level of support and usually only starts to buy into the market.
• The Downside Risk is if the U.S indices needs to go for a major retracement towards its support 2 and fails to find its support there or leads to a breakdown below this level, the U.S market will only mean it will enter into a Bear Market in the long run just like Hong Kong and China market.

U.S Nasdaq Index

• The U.S Nasdaq Index too had a bombastic +120% run since 2020 Bear Market Low.
• Current retracement could lead it towards its support 1 = Minor market retracement.
• If it is needed to go towards its support 2 = Major market retracement.
• Whether it is a minor or major market retracement, you do not usually buy into the market during its retracement.
• In the near future as the index is able to find its support at either support 1 or support 2 it will starts to show a price action of reversal trend. By then only we will start to see the market finding their desired level of support and usually only starts to buy into the market.
• The Downside Risk is if the U.S indices needs to go for a major retracement towards its support 2 and fails to find its support there or leads to a breakdown below this level, the U.S market will only mean it will enter into a Bear Market in the long run just like Hong Kong and China market.

China A50 Index

• China stock market index great recovery run since 2020 Bear Market Low ended since early 2021.
• Their retracement in their index since February 2021 eventually ends up entering into a Bear Market in July 2021 and has since retrace further down before consolidating sideways for 9 months.
• As of currently their index is still trading within its Year 2020 level as no breach of lower low seen in their market yet which could be signaling a end of retracement soon after all they had been through 9 months of major retracement and fallen into a bear market.
• Their current support 1 has been a support hovering followed by support 2 shall it needs to resume its bear market downtrend movement.
• Whichever the scenario is, the China market will remain in a bear market until evidently proven its price action is trading above its 17,000pts level in the long run = they will resume back into a Bull Market eventually after nearing 1 year of retracement.

HK Hang Seng Index

• HK stock market index great recovery run since 2020 Bear Market Low ended since early 2021.
• Their retracement in their index since February 2021 eventually ends up entering into a Bear Market in July 2021 following the China market.
• Their current support 1 has been a support hovering followed by support 2 shall it needs to resume its bear market downtrend movement.
• Whichever the scenario is, the HK market will remain in a bear market until evidently proven its price action is trading above its 28,000pts level in the long run = they will resume back into a Bull Market eventually after nearing 1 year of retracement.

Japan Nikkei Index

• The Japan Nikkei Index had a great recovery run since 2020 Bear Market Low and has entered into a retracement since February 2021 – August 2021 (6 months) without entering into a Bear Market.
• Recent month of September has seen the index rallied to its 2021 high before going for a retracement like any other markets globally.
• Current support 1 if it is able to hold well with a reversal price action = minor retracement.
• Else if needed to go towards support 2 = major retracement and might put it at risk of entering into a Bear Market like China and HK market.
• Whether it is a minor or major market retracement, you do not usually buy into the market during its retracement.
• A reversal of price action from their desired support level will eventually allow you to know when the retracement has ended.

Indonesia Composite Index

• The Indonesia Stock Market had a great recovery run since 2020 Bear Market Low and has entered into a retracement since February 2021 – September 2021 (8 months) without entering into a Bear Market.
• This is because it has entered into a retracement since February 2021 and consolidated sideways for 8 months, recently its index went for a sideways breakout instead.
• Current support 1 if it is able to hold well with a reversal price action = minor retracement which the index has been consolidating at this level since June 2021.
• Else if needed to go towards support 2 = major retracement and might put it at risk of entering into a Bear Market like China and HK market which can’t be seen yet.
• A reversal of price action from their desired support level will eventually allow you to know when the retracement has ended.

Thailand SET Index

• The Thailand Stock Market had a great recovery run since 2020 Bear Market Low and has entered into a retracement since June 2021 – August 2021 (3 months) without entering into a Bear Market.
• Recent month of August 2021 we have seen how the index rallied to its Year 2021 high before going for a retracement.
• Current support 1 if it is able to hold well with a reversal price action = minor retracement.
• Else if needed to go towards support 2 = major retracement and might put it at risk of entering into a Bear Market like China and HK market.
• Whether it is a minor or major market retracement, you do not usually buy into the market during its retracement.
• A reversal of price action from their desired support level will eventually allow you to know when the retracement has ended.

Philippines PSEI Index

• The Philippines Stock Market had a great recovery run since 2020 Bear Market Low and has entered into a retracement since January 2021 – May 2021 (5 months) without entering into a Bear Market.
• As the index recovered from its support 2 in May 2021, it recovers back above its support 1 as well rallying towards July 2021 high before facing another steep retracement followed by another rally towards its current resistant top now.
• Will the index breakout of its resistant to go for higher high performance or in need to go for a healthy retracement too? that we will see in the coming weeks.
• A reversal of price action from their desired support level will eventually allow you to know when the retracement has ended.

Malaysia FBMKLCI Index

• The Malaysia FBMKLCI Index had a great recovery run since 2020 Bear Market Low and had since entered into a retracement since January 2021 to date October 2021 without entering into a Bear Market.
• As the index recovers from its support 2 in August 2021 the index rallied towards 1,600pts before going for a healthy retracement.
• If the index is able to hold up on its momentum on the trendline drawn, it will need to climb above its 1,600pts level (support 1) to be on a bullish side in the long run just like another other country’s indices you are looking at today.
• A downside risk will only get to see the index going back to its support 2 major retracement and risk of falling into a Bear Market.
• Whether it is a minor or major market retracement, you do not usually buy into the market during its retracement.
• A reversal of price action from their desired support level will eventually allow you to know when the retracement has ended.

In Summary

• Global stock market indices have all rallied high since 2020 Bear Market Low.
• There are markets such as the U.S and Europe and even some Asia market indices that have rallied high continuously without going for a major market retracement will now need to undergo which is deemed healthy.
• There are markets such as the China and HK that have entered into major market retracement and even fallen into a Bear Market currently BUT supported well, will starts to find their retracement coming to an end paving their ways out of the Bear Market.
• There are markets such as most of the S.E.A market that have entered into a market retracement since January/February 2021 and have since seen mostly sideways traded in a macro picture without entering into a Bear Market.
• Whether it is a minor or major market retracement, you do not usually buy into the market during its retracement.
• A reversal of price action from their desired support level will eventually allow you to know when the retracement has ended.
• Seek for the markets to find their desired level of support and go for a reversal of price action from there on and you shall see building up of opportunities coming your way.
• A worst come to worst scenario is to see global stock market fallen into a Bear Market completely which till it is evidently proven else it will just be an illusion to all.
• Have a fun journey ahead!

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