Weekend Wrap

This week is also the end of May, a bloody month worldwide... below I have summarised the major indices performance for the week and month.

STI Weekly:
STI closed at 2746 this week, another 100 point to its major support 2650(2646 is STI last year close). The weekly candle looks very bearish still.

DJI Weekly:
Dow Jones just broke its support 12217, next support is 11570, which is its 2010 close. Weekly candle looks bearish.

SPX:
S&P 500 closed at 1278 this week, another 20 points to its major support 1257, which are previous two year's close as well. Candlestick looks bearish.

Nasdaq:
Bearish candle, next support 2653-2600.

HSI:
Hang Seng already dropped to its last year close 18434 support, see if it can hold at this level.

 Nikkei:
Bearish weekly candle, in a major downtrend channel, likely drop to its channel bottom line.

 SSE:
Shanghai is the only one index which ended Green this week. It rebounded a bit at up trendline support.