Weekly Time Frame
To recap, breaching of immediate support 1590-1593 had initiated a strong momentum to the downside. Due to the current momentum, downward pressure would continue in coming weeks. For the past few days, it made a soft rebound and consolidated by forming an Harami Candlestick Formation which indicated trend reversal might be taken place. However, the validity of these formation is required if it able to close above 1600 on next coming Thursday. Therefore, i will still remain caution until clearer signal emerged.
Daily Time Frame