EWS really going to do it this time it seems... close below the support line. This is premature on the weekly chart, but heads up, two things to happen... First, a close below the support means a breakdown underway, especially if it is accompanied with a lower low. Second, there needs to be a late week rebound strong enough to get it back above support line. Then...
As previously posted, BEAR. The thing is, since the last post, the EWS (and other indices) made a sucker rally that pulled in the bulls. And a few weeks later, they burned. This time, the burn is shown by a failed breakout that is followed through the other side. Technical indicators are now in full support as cross downs are registered. Critical supports are...
Just to highlight the Singapore going into technical recession]news first... that a technical recession is in the horizon, closer than we even realize. Otherwise, the EWS SG Singapore ETF, is technically challenged, with imminent downside. 1. Lower high made, and a possible imminent lower low to come in the next weeks. Breakdown below the red line is a lower...
As expected previously, the Singapore STI (EWS) hit the first target range. It appears to have bounced off a bit in the short week (Friday is a Public Holiday, being Vesak Day). However, the technical indicators accentuate that there is more downside to come... Breaking down below the support to form a lower low is confirmation for the lower target to be the next...
Quite clear... The EWS (tracking the STI, Straits Times Index of Singapore) pretty much topped as the MACD crossed down, with the VolDiv converging. Looking for a reversion to mean, 5-8% down. Watch the support level over the next week.
The Singapore bourse STI ETF, EWS, has a very ominous outlook for the next couple of months into the end of 2022. Hyperinflation could be the current trending killer, but seems like more is likely to add on. Not sure what shoe will drop, but the charts tell it as it is... April and May ended badly entering into a range that saw May break down of that range...
The Singapore Straits Times Index (STI) is in a primary Downtrend. This is observed and concluded from the TD Sequential analysis. Referring to the monthly chart for the STI ETF (EWS)... The EWS in recent months had broken down hard, and bracked below the TDST support line within the downward TD Sequential. Now, typically, this series is called the Buy Setup, as...
Noted the current Double Top formation on the STI (Straits Times Index, Singapore) Oddly, 4 April was the advanced marked date for a top (hence, red time line). Previous marked dates (thing lines) and forward marked dates (thick dotted lines) are there. It is intriguing to see the uncanny accuracy over the years.
Profit taking gas been observed in all the heavyweight STI component stocks based on the STI Matrix Heatmap including the banks and property counters. The STI has been in a range since 080321 between 3024 and 3237 for 5 months now. On a longer term outlook, the long signal on 010321 at 3108 on the monthly charts must break above the range at 3237 to confirm a...
DBS, the biggest component of the STI, appears to have great downside risk. Breaking below support of 29.60, after a lower high, means a lower low is put in place. The weekly chart already had a Bearish Engulfing last week, and this week (left with 1.25 days) closing down below 29.60 to end the week would be another toppish candlestick pattern called the Three...
At risk of falling... support is at 3140 Daily MACD and RPMs do not look good. Immediate downside target is 3020.
Bullish case for the STI 1. Technicals are looking bullish 2. Quick recovery after failing the 55EMA 3. Waiting to break out of trend line resistance Bearish case for the STI 1. IF it breaks down the support of the last low, it is a goner. and somehow, IF I had to make a call, against obvious odds, I see that in higher and unexpected probability of a down...
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...
Am seeing a retracement brewing in the pot... Technical indicators have crossed down, and the February two weeks lacklusterly followed a bearish candle, with top tails. Retracement target 2800
The STI has been entrenched in a tight range since for 4 weeks between 2783 and 2872. The short signal issued on the 301120 at 2841 targeting 2767 is still VALID. PIVOT 2872 Short positions below 2872 targeting 2783 and 2668 A break above 2872 will target 3108
STI short signal on 301120 still valid with a 2767 target. PIVOT 2877 A break above 2877 will test 3108. A pullback from 2877 will test 2783 and 2767
The Straits Times Index (STI) retraced -0.56% (-15.93 points), implying the play of the weekly Bearish Shooting Star candle highlighted last week. This retracement also coincide with the gap resistance zone of 2,900-2,960 levels. However, STI have exhibited its first major moving average golden cross (50DMA vs 200DMA) which was last witnessed in March 2019. The...
Following yesterday's idea sharing about the STI, the day closed with a Bearish Enguling, that broke down supports to close two Gaps. This is VERY significant for downside development going forward... Current target 2660-2680, next week.