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Saturday, September 19, 2015

Weekly Wrap

US markets sold off hard on Friday, DJI weekly chart ended with a very bearish candlestick, SPX and COMP ended also bearish. It appears to me this round of rebound probably comes to the end, downtrend is going to resume. Refer to below DJI weekly chart.

STI had a quiet week, was trading within its previous weekly range. Volatility is low.

Shanghai index was trading within its previous weekly range too. Market sentiment still bearish, with no signs for rebound.

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