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Passionate about the markets and Technical Analysis. The learning never stops!

Sunday, March 25, 2018

Where is STI's major support in this sell down?


The US market have the 2nd major sell-off within 2 months and STI is not spared. 
Are we turning bearish? or is it an opportunity to pick up the good stocks (eg banks)?

I am watching out for STI's major support at 3340.  Should our market tested this level and start to rebound from here, then we could be in a "correction" rather than a "bear" mode.

Should STI breach 3340 and did not rebound above it within 2 days, then we need to err on the bearish side, until we see a noticeable change in the overall trend.

STI's support is now at 3340
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