This is a critical point for the STI Index, after 8 consecutive up bars in an expanding triangle. It could go one of 2 ways from here, so I’ll be watching closely:
1) Form a bull flag and break to new highs
2) Fall back to the bottom of the expanding triangle
Either way, the RR (reward-risk) will be good if we get in early.
For those in the private forum, stay tuned! 😀