SSE Weekly: Remains weak

Market rebounded and recovered for straight two weeks. However, immediate weekly technical outlook remains weak and more support confirmation is still needed in order to change from its current bearish outlook. To the downside, support is pegged at 2761 followed by 2640. To the upside, resistance is maintain at 3004 followed by 3020-3039 (gap left over on since 23/8/2009).