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Saturday, December 17, 2016

Weekly Wrap

World stock market reacted negatively after Fed's interest rate hike announcement this week( except Japan Nikkei which went up higher).

STI unable to break resistance(also year-high) 2964, closed down after five consecutive week up. Key support is at 2882 if it continue retrace, and 2964 remain as key resistance level(triple top).

HSI had a big sell-off black weekly candle, lost 3.3% to just above its YEC.Key support is 21914 YEC level.

Weekly major indexes performance as in below table.

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