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Sunday, July 2, 2017

Weekly Wrap for the week of 30 Jun, June Monthly Index Performance

US three major indexes close down this week, while Asian three close positive. US stocks risk profit taking in coming weeks but major uptrend still well intact.

Shanghai stocks poised for further rebound, next key resistance to watch is at 3300.

HSI index formed a doji star after 5-months consecutive up, indicated a pause or reversal on current uptrend.

STI immediate support is at 3200 level, possible sell down if 3200 violated. Upside resistance is at 3270 level.

 Monthly performance for June.

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