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Sunday, July 30, 2017

Weekly Wrap

US stocks continue hitting fresh new high this week. DJI CLOSE new high and SPX and COMP closed almost flat. All three indexes are in nice uptrending.

STI hit new high, nice up trending, immediate resistance is 3365 and support is 3270.

HSI hit its upper channel line resistance around 27200 thereabout this week, watch closely for any bearish reversal coming week. Shanghai had six weeks consecutive gain so far, immediate resistance is at 3300 level.

Weekly indexes performance and weekly charts as follow.

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