FTSE CHINA A50: Outlook for Next Week

CHINA A50 closed at 10065 today. Can the psychological 10000 mark hold up the market? Looking at the way this index cut thru the horizontal lines at 11000 & 10700 as well as the earlier-cvercome downtrend line, R-R2, the odds are the 10000 psychological support may fall next week.


Chart: FTSE CHINA A50's daily chart as at Aug 21, 2015 (Source: uk..investing.com)

Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, FTSE CHINA A50 or any derivatives linked to it.