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BoonHooi
Mar 14, 2017 5:30 AM

Straits Times Index (STI) - tracking the Singapore Stock Index Short

STI INDEXINDEX

Description

I was conducting a talk at a local Stock Broking house. Really appreciate the invitation to speak to a group of enthusiastic participants. The participants and I were looking at the STI, stock indices for Singapore.

There is a bearish Bat pattern completing much higher at around 3430. However there is an AB=CD pattern completing now at 3145/50. This is also at a support level back in Oct 2014. This gives me a slight bearish bias at this moment before it can continue higher.

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