SSECI Weekly ChartBroke out of uptrend channel. Weekly RSI is overbought, but history shows that it can stay overbought for a long time. The next resistance will be 3500.
HSI Weekly ChartFor 5 weeks cannot close above 19,000. May need to build a base at around 16,000 for another challenge.
S&P 500 Weekly ChartShowing weakness. Still don't think that it will crash and make a new low. Anyhow, if it goes lower, it should scare the rest of the world markets. If it happens, it could be a good opportunity for those that have missed the Mar 2009 train.
The summary for the world markets:
| World | Longterm | Midterm | Shorterm |
| S&P500 | Down | Neutral (-) | Neutral |
| DJI | Down | Neutral (-) | Neutral |
| NasdaqComp | Up (+) | Up | Neutral (-) |
| Nikkei 225 | Up (+) | Up | Up |
| Kospi | Up | Up | Up (+) |
| SSECI | Up | Up | Up |
| HSI | Up | Up | Neutral (-) |
| TWII | Up | Up | Up (+) |
| STI | Up | Up | Up (+) |
| SENSEX | Up | Up | Up (+) |
| AORD | Down | Up | Neutral |
| NZX50 | Down | Neutral (-) | Neutral |
| FTSE | Down | Neutral | Down (-) |
| DAX | Down | Neutral | Down (-) |
| Bovespa | Up | Up | Neutral |
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