Bursa - Where is the bottom

After US and China agreed to a 90-day ceasefire on their trade war at the G-20 Summit over the weekend, Dow future jumped 460 points (+1.8%).

All Asian markets closed strong on Monday.

European market at this moment also traded higher.

The question now is whether US and China will call off the trade war at the end of the 90 days?

FBMKLCI (1,699)

KLCI gained about 20 points or 1.2% on Monday

As I have mentioned in my earlier post, I have 2 possible wave counts for KLCI at this moment.

First possibility is major wave 5 of mega wave (5) formation.

Second possibility is the wave C of mega wave (6) formation.

Hopefully more confirmation from now on is for the first possibility.

Inari Amertron Bhd (Rm 1.88)

Inari moved up strongly today gaining 23 sens (+14%) at the close. Wave B of its mega wave (2) has started. It may or may not go back to its previous high to form a 'head and shoulder' reversal pattern and go for a simple A-B-C mega wave (2).

Or it may go for a complex A-B-C-D-E mega wave (2).

Insas Bhd (Rm 0.74)

The current rebound for Insas can be the wave 4 of C of its mega wave (4).

But if Insas can start to move up consistently, another possibility is the starting of major wave 3 of its mega wave (5). This is a bullish option that is yet to be confirmed at this moment.

I am looking for more confirmation.

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