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Sunday, 29 June 2014

UOB: 29 June 2014, Sunday, 9.25pm Singapore Time

UOB: 29 June 2014, Sunday, 9.25pm Singapore Time
Chart courtesy of Chartnexus.com

Financial markets are confirming the Bear Market Transition as per warned end-2013 and 1H-2014.
This is now being executed as above by UOB in sync with FTSE ST Financials Index.
$22.50-$23.00 is the further re-distribution created by the end of the escape wave at $22.00

Bear market transition has been confirmed for FTSE ST Financial Index at 834.23 points.
Bank Stocks, Finance Stocks and the Banking and Finance Sector have peaked. 
This is also in line with the peaked property sector.

Donovan Norfolk Technical Rating:
Bearish
Bear Market Transition
(Sell on Rebounds)



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