SPX weekly, US market sold off on Friday, SPX formed a weekly inside bar, a break below or above of inside bar would provide clear direction, so far the uptrend channel is still intact and SPX may test channel bottom 1400 in coming week.
Sunday, November 4, 2012
Weekly Wrap
STI hit one-month low at 3016.85 last week and rebounded but overall it still down 16.76 points or 0.5%. As we are in the result reporting season, US market swing up and down one day and another, local market is expected to continue its sideway trading in the range, with the immediate support at 3000, upside resistance 3066 then 3088 level.
SPX weekly, US market sold off on Friday, SPX formed a weekly inside bar, a break below or above of inside bar would provide clear direction, so far the uptrend channel is still intact and SPX may test channel bottom 1400 in coming week.
SPX weekly, US market sold off on Friday, SPX formed a weekly inside bar, a break below or above of inside bar would provide clear direction, so far the uptrend channel is still intact and SPX may test channel bottom 1400 in coming week.
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Weekly Wrap
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