Weekly Wrap

US markets on their 2nd week rebound. DJI and SPX hit 7-week high, while COMP is near its 7-week high. SPX looks not so bearish as compare to 3 weeks ago, bulls got temporary relief, by now.

SPX next resistance is at 1992 level( 50% fibo retracement).

STI hit its six-week high this week, not so bullish as the US but catch up slowly. It closed negatively marginally this week. Next resistance level is 2705.

HSI still stucked in its six-week trading range. SSE trading within its four-week range. No bullish rebound signs yet.