Thailand SET Index (NYSEARCA:THD): UPDATE:1 Beware of the dead cat bounce


The dead cat bounce is confirmed. Fed Chair Powell's hawkish remarks on inflation in Washington D.C. last Thursday sent the SET index tumbling 1.10%, back in a bearish downtrend channel. It looks like the index could pull back further to retest the trendline support at around 1,380. So, stay cautious under the 1,430 resistance level.

This note contained herein is not and should not be construed as a recommendation to buy or sell. Click here to view the latest update!

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