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 (+)
SSECI	Up	Up	Up
HSI	Up	Up	Up
TWII	Up	Up	Neutral
STI	Up	Up	Up
SENSEX	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?