Singapore Market Outlook | Straits Times Index – Breaking Down At Last?

This is a follow-up from my last analysis of the Straits Times Index.
http://synapsetrading.com/2014/08/sgx-singapore-stocks-straits-times-index-weekly-chart/

Looking at the chart above, you can see that it has broken the major trendline (not a good sign), and violated a key support level.

And as mentioned in my previous post on this, the hidden selling has already kicked in the last few weeks. (Thankfully it gave us ample time to get out) 😀

Now, have you prepared your CFD accounts to make some serious money on the downside? hehe

 

 

Cheers
Spencer
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