MSCI Singapore (SiMSCI): 5 March 2014, Wednesday, 8.22am Singapore Time
Attached above is the chart of MSCI Singapore Index:
+ Back-test Long Term BLUE SUPPORT-TURNED-RESISTANCE AS RESISTANCE successfully
+ Break down RED LONG TERM SUPPORT
+ RED LONG TERM SUPPORT is now powerful resistance with high selling pressure
+ Large distribution above PURPLE SUPPORT
+ Multiple bearish structures (Break Down & Distributional Triangle) in place as above:
a clear show of intentions by the Smart Money and Big Hands.
+ Highly Bearish: any rebound is an escape wave to get out of the financial markets at better prices.
+ Short on rebound
Donovan Norfolk Ang Technical Rating:
+ Singapore Stocks and Equities highly bearish
+ Worldwide Stocks and Equities bearish
+ Strong Sell
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