STI and S&P 500

The charts look vaguely like it remains bullish. It could be but there is also a breakdown of the uptrend higher low support. On the STI notably it is now being resisted by it. Technically both are on the bearish side but this bias might be violated this week with a slew of results from the US. Watch for the crack above the support turn resistance for more upside. On the STI failure to do so and a crack below 2620 will be bear and could potentially bring the index down towards 2450. We will see which side will give way and let the movement guide us subsequently. I am looking for buy signals to be triggered for upside potential.

Not much of a trade done in recent weeks. STI Call remains while I have picked up Capitaland and SPH last week. SGX is also interesting for the investor although it doesnt call for a trade at this juncture. A  retest of previous low with a slight bulllish divergence observed in MACD histogram. Let’s see if this follows through. My STI call is expiring end of this month. Oh pls give me some upside!!!