Saturday, June 13, 2009

World Market

N225 Weekly Chart

Nikkei 225: Next resistance at around 10500. Weekly RSI indicates that it will challenge this resistance.

SSEC Weekly Chart

SSEC: Moving up within a well defined uptrend channel. Next possible resistance is at 3000.

HSI Weekly Chart

HSI: Moving within an uptrend channel. Weekly RSI indicates that it can still move up further. If it does, the next horizontal resistance is at around 21,000.

FTSE Weekly Chart

FTSE: Making a rising flag. Stalemate between the bulls and the bears.

S&P 500 Weekly Chart

S&P 500: Low volume break of the immediate downtrend line. Next resistance line is at around 960. If it can clear this, then the next resistance will be at 1150!

The whole summary for the markets that I'm tracking:
World Longterm Midterm Shorterm
S&P500 Down Up Up
DJI Down Up Up
NasdaqComp Neutral Up Up
Nikkei 225 Neutral Up Up
Kospi Up Up Up (+)
HSI Up Up Up
TWII Up Up Neutral
STI Up Up Up
AORD Neutral (+) Up Up
FTSE Down Up Up
DAX Neutral Up Up
Bovespa Up Up Up

You can see that the bulls are in charge. How long will this last?

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