Mixed market outlook for final week of 2023


Mixed market outlook for final week of 2023

On US market, we remain bullish on S&P 500, however as index nears 4,800 level, we are turning cautious for short term volatility and on the lookout for signs of supply.

On SG market, we continue to have a short term bullish view that index will retest 3,180 level  and could test 3,260 zone as demand continue to dominate the trading sessions.

On China market, we are glad that a "Spring" pattern occurred on the China A50 index. Rebounding above 11,200 after falling below, signalling potential weak supply. Staying above 11,200 could see demand developing. 

We will be selective on trades for all markets till year end. Thank you for your support whole year round. We continue to value add to the community's investing and trading journey. 

Disclaimers apply

Popular posts from this blog

Eventful Week: FOMC Decision and Earnings Reports Headline Upcoming Week

Wyckoff's Law of Effort

Markets searching for technical support