Monday, 2 October 2017
Singapore Straits Times Index: The Top Indicator of Global Economic Health
Singapore Straits Times Index:
The Top Indicator of Global Economic Health
2 October 2017, Monday, 9.35am Singapore Time
(Click on Technical Chart above to Expand)
Attached is the technicals for Singapore Straits Times Index (STI). Historically, the Singapore STI has been the top indicator of global economic health. If the global economies are on phony growth, the STI will not climb up or if so, it will merely climb up sluggishly. The STI has gotten out of the slug stage. Since 1H-2016 and 2H-2016, all across the board in SGX, upmoves had been with volume and downmoves had been on easily dried-up volume. This means global economies are back on track for next stage of economic prosperity for 2018, and that there will be no market crash. Parallel trajectory from lower band of yellow uptrend line is a testament further indicating committed negation of bear market and that sustained path of newfound bull market is to be resumed again. Price actions above the pink and yellow technical lines suggest that worldwide equity markets are still full of vitality, and expect all markets, especially Asian markets, to continue upmoves for all time historic new highs.