Index Weekly Wrap for the Week of Dec 8

For the week of Dec 8, DJI and SPX continue hitting new high whereas Nasdaq drop little by profit taking, uptrend for all three indexes remain intact.

In Asia, HSI fell back within its uptrend channel, currently was supported by YEC level 28512. SSE fell back to its uptrend channel bottom-its 4th week drop in a row, expected to get rebound in these technical support level in coming week.

As for STI, currently resisted by its upper channel line, expected go sideways in coming week, with immediate major support at 3365.