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Saturday, August 22, 2015

Weekly Wrap

It's a week of BLOODY HEAVY sell-off across whole world, from US, Europe to Asia.  Long time never seen. Yet it seems it's not going to end yet.  All major indexes have broken their key support level decisively. Bears are in absolutely charge.

HSI already overshot its multi-year support level, closed below its multi-year end close.
STI loss the least with 4.6% down for the week, immediate support and multi-year low is at 2950.
It look the down fall is just begin for the US three indexes, after key support level broken this week.

1 comment:

Anonymous said...

Hi. As of 26th Aug SSE is at 2925. What is the support level based on your technical indicators ?