With the uncertainty of a clear direction in the Singapore market, I turned to the S&P 500 for direction and cues. Analyzing the chart using simple Big Boys theory, it seemed as though in the 5 min chart, the index maybe suffering some selling first towards the 2029-2033 level first before bouncing and rebounding back up. In the wider spectrum, the S&P 500 is bullish in my opinion because there was a flush which may contribute for a higher price to come. I may start trading the index again since the Singapore market is boring. I am looking for a S&P 500 warrant to play which is a better choice. Stay tune if you are into US market.
Ronald K - Market Psychologist - A Stock Market Opportunist
