Auguraltrader

STI - Expect more downside risks

Short
TVC:STI   Straits Times Index
An update from previously posted Alert on the Straits Times Index (STI) as it is about warranted time.
The STI had closed the last 4-5 DAILY sessions below the 55EMA, and this morning saw a gap down, pushing the morning session for recent lower lows.

The MACD had crossed into the bear territory and we are looking at 2500 as the next support.

Bearish ↘️

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