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Saturday, September 17, 2016

Weekly Wrap

US markets rebounded this week, after flush-down last week. The three major indexes rebounded from their key support level, uptrend still well intact.

STI lost 1.6% this week but managed to stay just above its key ascending line. Immediate support is 2800 level, resistance is at 2882 YEC level, if it continue rebound in coming week.

HSI and SSE had shortened trading week due to mid-autumn festival holiday. HSI lost 3.2% fell back inside its uptrend channel, as shown in below chart.

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