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Sunday, September 17, 2017

Weekly Wrap for the Week of Sep 15

US stocks three major indexes all closed new high this week, SPX breakout from its 8 weeks consolidation finally. Very bullish uptrend, and US stocks are expected to continue moving higher.

HSI index has been in a tight range consolidation for three weeks, uptrend is intact. China SSE index in 2nd week profit taking, lost a bit but it seems bulls are still in control. It's expected to resume upward move after the consolidation.

STI tested 3200 support level this week and close just above it. Continue watch key support at 3200 level in coming week see if it rebounds.

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