Intermarket

Today's market is gloomy and listless, this is what I can say. Not everyday is a trading day, for short term trading, I'd rather suggest you stay out or get out. The market can go either direction in coming week.

Below is my view on different markets, bias is neutral to bearish in short term.

Straits Times Index: STI currently trading under its short term downtrend line, in between 3200 to 3230(20ma), it has to breakout its downtrend line to move up further, otherwise it may retrace further.

Hang Seng Index: HSI today continue slip, close to its support 23500, I expected it would find its support in between 23500 to 23250( the downward trend line, ellipse in below chart)

Shang Hai Index: SSE is the most bearish chart among all. Currently facing multiple resistance on top of head), it has to clear the area at 2750~2800 resistance to move up.