Sunday, October 16, 2016

Singapore Straits Times Index - Short Term Supply

I am preparing my homework for LIVE Trading tomorrow. Studying the chart for STI, I don't think STI has hit the bottom yet. The recent selling was furious and strong and for the market to trend up in the short term is impossible. Tomorrow, I expect STI to trend up a little higher to hit a short term supply zone and then from there on, sellers will look to short sell or book profits from the long last Friday. For the STI to trend up, I expect more bearish signals first and see a final flush before any up move can be materialize. Watching closely.

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Ronald K - Market Psychologist - A Stock Market Opportunist