June 17: Greece new election date
June 19&20: US Fed FOMC meeting
It's expected market will watch news in the above dates for new direction--up or further down. Some of the major indices break down their 200ma already:
US:
DJI: broke 200ma 12250 on 1 June, it closed at 12127 last night;
SPX: broke 200ma 1284 on 1 June, it went lower Monday but closed rebounded at 1285 last night;
Nasdaq: broke 200ma 2760 on 1 June, but it closed above it last night at 2778;
Asia:
HSI: below 200ma since 16 May 2012
SSE: Always stayed below 200ma for one year!
STI: below 200ma since 15 May 2012
Nikkei: below 200ma since 9 May 2012
Asia market is much weaker as compare to the US with respect to their 200ma.
Wednesday, June 6, 2012
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