Index Weekly Wrap for the Week of Aug 17

US stocks are heading to new high while the rest of world's stocks struggle. US stocks getting a boost as it reported US-China leaders to meet in November. All three major indexes uptrends are well intact.

While the SPX is up more than 6% and less than 1% away from new highs, the rest stock markets are having a tough 2018.

Read more at https://www.cnbc.com/2018/08/17/the-rest-of-the-world-is-feeling-pain-from-tariffs-and-a-strong-dollar.html 

STI fell to its just above its recent low, watch out for key support area 3167-3200 in coming weeks. Further downside would expected if it drops below this support.

HSI and SSE fell more than 4% each this week. Sending HSI index to its new low, breakdown its 6 week consolidation range. While SSE dropped to its low since 2016 where it rebounded.