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Monday, 29 July 2019

Straits Times Index (STI): 29 July 2019, Monday


Straits Times Index (STI):
29 July 2019, Monday
(Click on the Technical Chart Above to Expand)

Attached is the Technicals for Singapore Straits Times Index (STI). The final brown circled region is the backtest of critical resistance-turned-support with success. The backtest confirmation of huge bull market was achieved using trade war as the fake smoke screen, i.e. to throw the 90% market herd majority into disarray and run for shelter while markets are to dump them behind. It is also an operation to lure market majority to short-sell the financial markets. Most people had already sold, left, short-sold or gone into bearish recession mode. The Straits Times Index is ready to go beyond 5000 points. As Singapore is world's barometer for financial market performances, this also means worldwide equity markets are going to hyper rally.

Donovan Norfolk Technical Rating for Worldwide Equity Markets:
Bullish

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