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Saturday, June 9, 2012

Weekly Wrap

Finally, after four red candles in a row, STI formed a green candle this week( weekly chart). It rebounded from 2700 support and closed at 2737.89 this week, missed 2 points of my target pivot level 2740( refer to my previous post). Anyway, It's a bullish sign for me. Market may continue rebound if we continue have positive news from Europe. The next resistance I'm watching is 2811 trendline resistance.


DJI trendline has been hold so far, it rebounded to closed above its trend bottom line this week. Bullish sign.

SPX continue its sideway action in the range of 1258-1343. Sideway.
Hang Seng formed a green candle after hit its support 18433 level, bullish sign.

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