Overview Market Analysis for whole world

With the Global Market rally from march 09 to now 25/08/09 .The Global market is seen to be reslient and will likely to still be on the uptrend ,due to strong sentiment of the bullish.

$SPX(US Index)…{+}

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Technical Analysis:Week 23/09

S&P500 index at friday gain 32 points from last week closing price.

There are 2 resistance right now for the $SPX,920,930.And if this week breakthrough these 2 resistance lines with high volume supporting ,it may just breakthrough and with more upside.Overall i see it to be a sideway trend again,if it does not break through these main 2 resistance line,and currently $VIX has already dropped back to the fibo fans and channel and so market internal still show bullishness toward the sentiment rather than bearish.Moving Average 200 $COMPX has already cross over and $SPX and$INDU has now going to touch the moving averages 200,and i see it as a major resistance line,and it is the top defense line for the uptrend.

And by the show of sector:

XLE show upside for this coming weeks based on it has breakthrough it 8 months major resistance line ,and ready for more upside.And it has bullish months based on seasonanlity pattern of oil,tend to rise up during may,i see it as a continue trend toward more upside for oil.

XLY has not been increase in the month of may,with not much conviction towards uptrend when market has been untrending.

XLP:I see only limited upside to $23.50 the most.And likely sideway

XLF:I see limited upside to $12.70 the most.And likely sideway

XLV: I see sideway to downside for the week.And likely sideway

XLI: I see limited upside to $23.500 the most.And likely sideway

XLB: I see material sector has more upside due to material tend to rally with oil industry due to coordination with transporting materials with energy industry ,and so i see more upside with this sector as well due to seasonality pattern.

XLK: Watch out for technology sector ,because technology tend to be faster rally in all sector when market rally,but downfall too,so watch out for signal when overall market start to fall.

Technical Analysis -Week 22

S&P 500 and dow jones show a doji,with a slightly upward gain of 5 points,and with about 10 points gain respectively .

Investor and Trader scooped up the to buy at 18/05/09 to cause the major rally.short seller comes in after reaching the previous high and resistance line of 925 .And cover back the position aat 880.

The market volume has been below average ,compared to average traded volume.

With pivot point 850,895,915,

Support :880,872,850

Resistance:900,910,925

Summary: breakthrough of 880 will result in downtrend all the way,but market is choppy and not clear sign ,and currently $vix also is a very leading indicator,if $vix breakthrough of 33 ,then it will tend to be bearish.

Technical Analysis 07/05/09