The Straits Times Index (STI) rallied so hard at the beginning of 2021, only to sputter out, failing to break over 3000, clocked a Lower High, and today, a Lower Low. The past two weeks have been under a Sell signal too.
It's troubles are just beginning as a series of Gap Downs skipped through a couple of gap support levels, and is now testing to break down below the 55EMA; wait till end of day.
The RPM and MACD indicators are clearly bearish.
Look's like the early January rally will be erased... as downside target is at 2800.
It's troubles are just beginning as a series of Gap Downs skipped through a couple of gap support levels, and is now testing to break down below the 55EMA; wait till end of day.
The RPM and MACD indicators are clearly bearish.
Look's like the early January rally will be erased... as downside target is at 2800.
