The capital flight and smart money exodus took place using SiMSCI 334 points-343 points as holding support to aid the distribution. My selling and shorting positions in Stocks, Equities and Singapore Indices the BLACK CIRCLES NUMBERED 1 TO 4 in the chart attached above, as also posted live in my past analyses. BLACK CIRCLE 4 is the current market position hitting multiple resistances (BLUE AND RED RESISTANCES) and is where my warchest of shorts are too.
In addition, as explained comprehensively in past Straits Times Index Analyses, there is a huge wave of selling pressures acting above current positions of the markets (refer to past STI analyses on how this came about).
Once the distributional layer of support of SiMSCI 334 points-343 points breaks down, the distribution officially completes and the bear market will rear its ugly head. Sentiments remain that majority 90% of investors and retailers do not believe in any bear market as economic forecasts are rosy. Such sentiment is a breeding ground for more bearish sell-offs, as all these investors will never get out or exit the markets, with emotions and gut feel ruling over any rationality.