September 7, 2016
What If We Were Wrong?!
Up or Dow?
What is your guess? ^Is STI going up or down? Up, as MACD is above zeroline. But, what if we were wrong.
STI has ended the last trend, bearish trend. What if we were wrong! MACD signal has provided a clue the trend is ending. The price action did response to the indicator; price action crossed up MA and formed a higher high than the last high. Start of the reversal trend.
But, the trend stalled, ^STI faail to go higher.
Straits Times Index ^STI Charting
September 7, 2016 Straits Times Index ^STI and MACD Chart
Moses Stock Analysis
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