The short signal on the day charts since 22 November 2021 has strengthened in velocity and breaks the medium term support on the week charts for a second time since 17th May 2021. The weekly ichimoku cloud SSSA/B lines will be observed to see if they hold on the pullback.
The monthly pivot point at 24342 must hold for the longer term uptrend to continue. Buyers were observed to take new positions the last pullback at the 30,000 level.
Long Term UPTREND since 030619
Medium Term DOWNTREND since 030122
Short Term DOWNTREND since 221121
PIVOT 49150
Short positions below 49150 for 36512 and 24342
Long positions above 49150 for 64486 and new all time highs
The monthly pivot point at 24342 must hold for the longer term uptrend to continue. Buyers were observed to take new positions the last pullback at the 30,000 level.
Long Term UPTREND since 030619
Medium Term DOWNTREND since 030122
Short Term DOWNTREND since 221121
PIVOT 49150
Short positions below 49150 for 36512 and 24342
Long positions above 49150 for 64486 and new all time highs
Quant Strategic Singapore