The STI gap down today after some bad news on the trade war between US and China. Most stock tumbled and sold down at 9:00am sharp but because it's a gap down, many banks rebounded in less than 5 minutes like a dead man resurrected. The rebound was so strong that many retailers who longed above went to cut losses asap to avoid more downside and hence the price simmered off after it rebounded. The gap down as predicted last Thursday afternoon when I did a sharing started to materialized. I am happy to made some fast scalps. Will the STI rebound from here? I expect more downside first before a short term sustained rebound.
http://stockmarketmindgames.blogspot.com/2018/06/an-afternoon-event-on-trading-sti.html
Ronald K - Market Psychologist - A Stock Market Opportunist
