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Sunday, June 28, 2015

Weekly Wrap

For the week, STI finally had a chance on top of my indexes ranking (in below table), it was the only index that was "green", with weekly 20 points gain.

Major indexes generally are down ahead of Greece crisis deadline on 30 June.

Shanghai Index continued its previous week sell-off, another 6.4% loss. It lost almost 20% in two weeks. What a fall. As shown in below weekly chart, SSE hit its major support 4200 level this week,
it's expected it will get a bounce in coming week, as China Central bank also announced its rate cut effect on Sunday.

STI rebounded to just beneath 3365 (YEC 2014) but closed lower at 3320. A close above 3365 would show sign of bullish. Otherwise, bearish if below 3365.

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