- JCI hit a new all-time high at 5023.71, then pushed back to end in a spinning top pattern. Caution for the bulls as target at 5020 has been met, creating a potential for a corrective decline in the coming week. Supports come in at 4985, 4960, 4940 ,4920 and 4895. Resistances are seen at 5023.71, then 5089 and 5120.
- China's growth slowdown still a concern. 1Q real GDP slowed from 7.9% to 7.7% (YoY) and also slowed from 2% to 1.6% (QoQ).
- Next week U.S. Data are existing home sales and new home sales; durable goods orders and jobless claims, plus GDP and University of Michigan consumer sentiment index; U.S. 1Q Corporate earnings to remain in focus in the U.S. Session, influencing the ups and downs of U.S. Indices.
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