I was suspicious on the recent rally for SGX and decided to inspect further. Looking at the 30min chart, i managed to discover sellers are putting out shorts. Will this be the end of a rally for SGX? I don't know, however since sellers had already put out their shorts, i am just merely following their actions. I will continue to examine day by day to see if i could spot an action from the sellers which tells me that the rally is over for SGX. For the short term wise, i am only looking for shorts. The longer term requires more evidence for me to make my determination on whether the rally continues or discontinues.
Ronald K
