October 21, 2017
^STI Singapore The Straits Times Index and Key Levels
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Next week will be a key for Singapore stock market. STI, ST Index is Singapore economy benchmark. We can see from chart that STI continues to make higher high until September, STI has a major pullback and retest 3200 level. It is great that STI did not breakout lower. Otherwise, you know what is it going to be like.
Now, next week, if you the market do not close higher than 3350. The market will be quite difficult to breakout higher for some time. Watch your trade, as the market does not think the economy is that good after all.
3500 level is an important level, see chart, it was support turned resistance and resistance, and got some bulls trapped before. It took the market more than two years before it retest the same level again. So, needless to say much, you know it all.
October 20, 2017 The Straits Times Index and Key Levels
Moses
AmiBrokerAcademy.com
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