Weekly Wrap for the Week of Sep 8

World major indexes closed on bearish tone for the week, US stocks have been trapped within six weeks trading range, though uptrend are instill intact for all the three indexes.

China SSE index stalled this week after three consecutive weeks up. Bulls are in charge but may have profit taking in coming week(s).

HSI index retreated from its upper channel line resistance as shown in below weekly chart.

STI gave up its support area 3260-3270, trading down inside its May-Jul consolidation range 3200-3270, immediate key support level is at 3200. Uptrend still intact.

major indexes weekly performance are in below table.