The CSI 300 posted a modest loss of 0.13% in the three-trading-session week. The market remains in an Uptrend Under Pressure with the distribution day count decreasing to six following one expiration. The index tested resistance at, but remains pressed by, the 21-DMA (~4,884, +0.7%). Next resistance at the 50-DMA (~4,925, +1.6%) and support is at July 28’s low (~4,664, -3.8%).
Symbol: BPC.BR
Global Focus Emerging
The CSI 300 lost 3.14% on slightly lower but above average volume this week. The market remains in an Uptrend Under Pressure with seven distribution days. The index staged a rally Friday after losing support at its 50- (~4,941, +1.7%) and 21-DMA (~4,883, +0.5%) in a four-day losing streak. Next support lies at July 28’s low (~4,664, -4.0%).
Global Focus Emerging
The CSI 300 gained 3.52% on modestly lower but above average volume this week. The market remained in an Uptrend Under Pressure with seven distribution days. The index retook its 50-DMA (~4,962, -1%) after breaking above resistance at the 21-DMA (~4,885, -2.6%). Next resistance lies at the high (~5,060, +0.9%) of August’s rally, followed by the 100-DMA (~5,065, +1%). Next support is at the low of July 28 (~4,664, -7.0%).
Global Focus Emerging
The CSI 300 gained 0.33% on higher and above average volume this week. The market remains in an Uptrend Under Pressure with six distribution days. The index regained its 5-DMA (~4,840, -0.1%) but faced persistent resistance at the 21-DMA (~4,888, +0.9%). Support lies at July 28’s low (~4,664, -3.7%) followed by July 2020’s low (~4,500, -7.1%).
Global Focus Emerging
The CSI 300 ended 1.21% higher on slightly higher and above average volume this week. The market remained in an Uptrend Under Pressure with four distribution days. The index tested resistance at its 21-DMA but pared earlyweek gains to close below the short-term 5- (~4,850, +0.5%) and 21-DMA (~4,907, +1.7%). Support lies at July 28’s low (~4,664, -3.4%) followed by July 2020’s low (~4,500, -6.8%).
Global Focus Emerging
The CSI 300 ended 3.57% lower on higher and above average volume this week. The market was shifted to an Uptrend Under Pressure following a greater than 2% loss on higher volume Tuesday. The distribution day count increased to three from one last week. The index tested but failed to break above short-term resistance at its 5- (~4,861, +1.9%) and 21-DMA (~4,913, +3.0%). Support lies at July 28’s low (~4,664, -2.2%) followed by July 2020’s low (~4,500, -5.6%).
Global Focus Emerging
The CSI 300 gained 0.5% on lower but above average volume this week. The market remains in a Confirmed Uptrend with one distribution day. The index ended below the short-term 5- (4,993, +1.0%) and 21-DMA (~4,975, +0.6%), pulling back off its weekly high. Support is at July 28’s low (~4,664, -5.7%) and resistance is at ~5,100 (+3.1%), the lower edge of the consolidation range since June this year and where the 50-, 100- and 200-DMA sit.
Won Global View
The U.S. market remains in a Confirmed Uptrend. The S&P 500 and Nasdaq continue to trade at or near new highs and above nearterm support along the 21-DMA. The distribution day count stands at five and four, respectively, with one day expiring on the S&P 500
today and three days expiring on the Nasdaq next week.
Global Focus Emerging
The CSI 300 gained 2.29% on lower and above average volume this week. The market was shifted to a Confirmed Uptrend on a day four follow-through Monday. The index breached its 5-DMA (~4,943, +0.4%) with next support at July 28’s low (~4,664, -5.2%). Immediate resistance is at the 21-DMA (~5,005, +1.7%).
Global Focus Emerging
The CSI 300 declined 5.46% on higher and above average volume this week. The market was shifted to a Rally Attempt Friday after being downgraded to a Downtrend on a sharp selloff Monday. The index remains pressed by its short- and long-term moving averages. Immediate resistance lies at the 5-DMA (4,820, +0.2%) followed by the 21-DMA (~5,041, +4.8%).
