Monday, 8 August 2016
Straits Times Index Technical Analysis: 8 August 2016, Monday, 8.47am Singapore Time
Straits Times Index Technical Analysis:
8 August 2016, Monday, 8.47am Singapore Time
Attached above is the latest technicals for the Singapore Straits Times Index.
As a new fact, selling dries up easily and buying takes over impulsively since the 3rd Quarter of 2015. In the 3rd Quarter of 2016 which we are in now, the market is actually back-testing the triple supports as a showcase of intention to change gear from bearishness to bullishness. S1, S2 and S3 represent the 3 powerful supports that will be used to launch the 2H-2016 and 2017 super rally for stocks all across the board. With brainwash from the media and supposed "experts", most retailers are expecting a crash or bear market right now, so a rally will catch market majority by surprise. Correction is ending. Shorters/shortists will be betrayed big time. Bank stocks, Technology stocks, Commodity stocks and Healthcare stocks will over-perform in the market in this powerful rally.
Straits Times Index Target:
4000 points and more