Monday, September 12, 2016

Dow Jones - Prepare STI Tomorrow

The Dow futures looks scary at Asia hours even though today is a public holiday here in Singapore. The market has gone up too much and it's now time for some reactions/selling. Looking at the 5 minute chart, there is still more downside to go and studying the 8 hour chart, it seemed like the temporary support maybe 1-2 more days more to go before we that happening. With the STI opening tomorrow, prepare for at least a deficit 40-50 points throw down from the market. The momentum and paradigm has shifted towards a more bearish tone. Be prepared. I will be shorting some weak stocks.

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Ronald K - Market Psychologist - A Stock Market Opportunist