After 5 days of selling in the STI, it looked like a bounce up is happening today. The market had been down trending due to HSI suffering some selling while STI followed the Asia market. However, looking at how the index moved yesterday, it seemed as though the buyers might be coming back today. I am not sure how high the bounce can be, but a short term rebound could be here. Might be trading the STI index later in the CFD. See the horizontal line drew, it's a demand level near the floor. Let's see what happens at 9am.
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Ronald K - Market Psychologist - A Stock Market Opportunist
