Hello guys, sorry for my late update on the Weekly Wrap. I just came home from my two-day weekend Malaysia durian trip. Great experience to eat freshly-dropped durian in the durian farm. Great taste.
DJI and SPX had a big swing for the week, DJI dropped as much as 280 points then rebounded to closed flat this week at 12777. Weekly candle looks bullish with target at 13230 for coming week--its horizontal resistance.
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SPX: chart looks similiar to DJI, bullish candle at support level with target at 1425 for coming weeks.
STI: Six weeks gain in a row. It's touching 3000 level on Friday, closed at 2995.56 this week. Immediate "resistance zone " is at 3000-3035, if it were to break the major trendline resistance. I'm cautiously bullish.
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