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/

[sociallocker]^sti 031014 straits times index[/sociallocker]

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

 

 

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About the author

Spencer Li is a trader, investor and entrepreneur who currently manages his own portfolio of stocks, REITs, currencies, cryptocurrencies, properties, and businesses. As a former professional in private equity and proprietary funds, he has over 10 years of market experience, and has been featured on more than 20 occasions in the media. As an international speaker and avid globetrotter, he has travelled to over 50 countries to spread his knowledge.

 

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