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At a cursory glance, the STI is still pretty strong, having had 2 legs up and forming a price cluster after surpassing the prior swing high.

However, a more astute scrutiny unveils potential new sellers stepping in, judging by the sudden large increase in supply volume.

Banks like DBS and OCBC are also exhibiting similar signs, but since both are advancing steadily in a tight channel, the buyers are still controlling the market, and I will continue to hold my long positions.

I will be trailing my stops to protect my profits, and watching for further signs of proverbial cracking. For those who desire a more detailed understanding of how this behavioral analysis works, there might still be a few seats left for our free sharing session next Tuesday.

^sti 310713

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Hi, Spencer here! 😀

After making my first million at 28, and trading & teaching across 60+ countries, I have consolidated my knowledge and experience to create the most comprehensive & practical guides for profitable trading, compiled from thousands of books, websites, courses, and interviews with professionals.

comment-img As a former professional trader in private equity and proprietary funds, I have over 15 years of market experience, and have been featured on more than 20 occasions in the media.
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