STI – 50MA crucial. Failure to hold could see 2200 and subsequently 2100 retested. Lower high is already confirmed. Will it form yet another lower high on a technical rebound? Resistance at 2300. As the 20MA and 50MA converge, eventually one will give way. Current trend is still side-way. Downside confirm if 50MA breaks. For [...]
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8
Jul
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8
Jul
The DJIA totally died. With MACD below 0, more downside to come. I can’t really see how Asia is gonna hold up well as well. STI sitting on it’s 50MA support at 2250 right now. It is quite a long drop if this doesn’t hold.
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