Short STI $ES3 the only clown in [global] town left
Updated
The Straits Times Index seems to be lagging into bounces recently, Nikkei and SHCOMP has already bounced into their targets and are consolidating whereas the Singapore index has yet to find proper footing. At this moment the STI has gapped open and is heading straight into its 3W resistance at 3076. With little to no real support it is a prime short opportunity.
Intention: Short
ES3 @ 3.118 corresponding STI @ 3075
SL: ES3 @ 3.127
Caution: The Singapore market and STI is notorious for illiquidity and thus, traders must watch out for liquidity traps. Opportunities might be present but liquidity might not.
Intention: Short
ES3 @ 3.118 corresponding STI @ 3075SL: ES3 @ 3.127
Caution: The Singapore market and STI is notorious for illiquidity and thus, traders must watch out for liquidity traps. Opportunities might be present but liquidity might not.
Trade active
Entered short ES3 @ 3.096Comment
Will enter more aggressively with short ES3 @ 3.127Disclaimer
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