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Sunday, September 4, 2016

Weekly Wrap

US three major indexes rebounded 0.5 to 0.6% this week. DJI and SPX has been trading range bound for past 7-week, Nasdaq in its 4th week sideway.

STI being the worst performer with 1.9% loss for the week, hit its ascending trend line, possible support if it can rebound from 2800 level in coming week. Immediate resistance will be 2882 YEC level.

HSI has been trading bullish for past five weeks, approaching its upper trendline and horizontal resistance 23600.

SSE has been sideway trading for 3rd week, immediate support 3000 level, plenty of room to upside.

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