Auguraltrader

STI in trouble... seriously.

Short
TVC:STI   Straits Times Index
The Straits Times Index ( STI ) rallied so hard at the beginning of 2021, only to sputter out, failing to break over 3000, clocked a Lower High, and today, a Lower Low. The past two weeks have been under a Sell signal too.

It's troubles are just beginning as a series of Gap Downs skipped through a couple of gap support levels, and is now testing to break down below the 55EMA; wait till end of day.

The RPM and MACD indicators are clearly bearish .

Look's like the early January rally will be erased... as downside target is at 2800.