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Sunday, 24 May 2015

FTSE Straits Times Mid Cap Index: 24 May 2015, Sunday, 10.28am Singapore Time

FTSE Straits Times Mid Cap Index: 24 May 2015, Sunday, 10.28am Singapore Time

Attached above is the Singapore FTSE Straits Times Mid Cap Index showing where we are now. 

The Singapore market in general is being entrenched by the newly formed DARK BROWN BEAR MARKET CHANNEL as illustrated on chart.

This Dark Brown Bear Market Channel will be negated only if 819 points on the FTSE ST Mid Caps Index is broken up convincingly. Otherwise, for now, one should continue to be bearish bias and continue to short/unload stocks generally on rebounds. In addition, one should not be looking to long or buy stocks and equities now.

The green region was where worldwide funds flow analysis (FFA) consistently reflected worldwide big hands and smart monies longing the market. The red region is the region where I had warned using FFA calculations that big hands have switched from longs to zero longs and went deep into shorting positions worldwide (Funds Flow FFA turned before price actions turned).

The double blue support band in chart above will get tested repeatedly as supports now (meaning 80%-90% of all stocks across the board will go down and test their important supports too).
If this double blue support breaks down with the FFA of big hands and smart monies persistently in shorting positions, any sell downs will accelerate from there (meaning 80%-90% of all stocks across the board will break down and suffer accelerated sell offs should FTSE ST MidCaps Index does so).

Be cautious of the markets.





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