Tuesday, June 19, 2018

Singapore Straits Times Index - Short Covering and Selling

As highlighted on my earlier post that the STI rebounded today, I also said I witnessed some short covering and expect more downside first in STI before any sustained rebound can be materialized.


As of blogging now, the banks and STI indeed sold down after that! The rebound we saw earlier was indeed some form of short covering from yesterday's gap down. The Dow futures plunged even further following my analysis!

Ronald K - Market Psychologist - A Stock Market Opportunist