Auguraltrader

STI (SG) to pull back from top

AMEX:EWS   iShares Inc iShares MSCI Singapore ETF
Quite clear...

The EWS (tracking the STI, Straits Times Index of Singapore) pretty much topped as the MACD crossed down, with the VolDiv converging.

Looking for a reversion to mean, 5-8% down.
Watch the support level over the next week.
Comment:
TA DA!
Oh... oops, broke below mean.
Now looks worse than expected.

Likely looking for 17.65

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