S&P 500 Weekly ChartLooking at the S&P 500 weekly chart, the next major resistance is at 1100 to 1150. Will it continue to blast up or take a move with nerve wracking zigzag path?
Shanghai, HSI, TWII and Sensex may have hit a top. If they plan to go up, then most probably after a consolidation phase. Currently, it seems that it is the Western market's time to play catch up.
| World | Monthly | Weekly | Daily | Note |
| S&P500 | Up | Up | Up | R=1.15k |
| DJI | Up | Up | Up | R=9.8k |
| NasdaqComp | Up | Up | Up | At R=1.95k-2k |
| Nikkei 225 | Up | Up | Up | Next R=11k |
| Kospi | Up | Up | Up | Next R=1.6k |
| SSECI | Up | Up | Up | Next R=3.8k. |
| HSI | Up | Up | Up | R=21k, S=19k |
| TWII | Up | Up | Up | Toppish |
| STI | Up | Up | Up | R=2.65k. Correction. |
| JKSE | Up | Up | Up | At R=2.35k, overbought |
| SENSEX | Up | Up | Up | Next R=17.5k |
| AORD | Up | Up | Up | Downtrend broken. R=4.6k |
| NZX50 | Up | Up | Up | R=3.2k |
| FTSE | Up | Up | Up | R=5.1k |
| DAX | Up | Up | Up | R=5.5k |
| Bovespa | Up | Up | Up | R=55.8k |
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