The Korean Index is at support from the Oct lows and has trendline resistance also from the highs. Noticeable is the top formation in KM1 was with hanging man and then long legged doji’s signifying that pressure is there at top.
SPX index is also taking support at the trendline although I feel a bit more downside is there as the %age down movement this time is less than the average of last ¾ declines. Also worth analyzing the SPX candles at the 200 DMA (yellow line.) There are evening star, doji kind of patterns. Also the rebound has a gap up right at 50 DMA.
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