Looking at the daily and the weekly, it seems like the sell-off is gradually starting to taper.
The daily 10 SMA is looking to do a 180 turn and the PPMs support it. There may be another one more session of continued selling for the stop-hunters but by and large, I would think the downside could be limited.
Of course, being still in no-trend territory, all the...
PPMs are still pointing towards a downward momentum for the next 2 or so trading sessions. However after that, it is pointing back up at a recovery.
We are still looking at a short sell off incoming. For some reason, the low fib targets are still in play. But the market grid is already narrowing bit by bit. The trading range has already narrowed quite a bit and...
With the algos on both the PPMs and the SMAs pointing downwards, the momentum of the relief rally seems to be short lived.
Especially looking at the projected sharp drop in PPM 2 going forward into the next 2 trading sessions, it looks like the 21 SMA is going to be a hard ceiling to crack.
Add to that both the faster moving PPMs are currently under their 2nd...
The PPMs are headed up for today and probably stabilise Monday, but from the looks of the algos on PPM1 and especially PPMs 2 and 3, Tuesday's session may not look so rosy. That coupled with next week projected to be a down week, things are not looking too good for next week.
I'm not sure what's going on next week other than Powell's speech tonight but bulls may...
Price hit the RTX sell signal in yesterday's trade and subsequently dived back down to the opening level. That followed today with an opening around yesterday's close.
PPMs are down for the day but predicted to see some buying back over the next 2 days or so. After all, we did already hit low fib target 1.
So is the selling over? Judging by the PPM outlooks, I...
The Straits Times Index seems to be lagging into bounces recently, Nikkei and SHCOMP has already bounced into their targets and are consolidating whereas the Singapore index has yet to find proper footing. At this moment the STI has gapped open and is heading straight into its 3W resistance at 3076. With little to no real support it is a prime short opportunity....
![ES3: [Trade Setup] STI ETF (SG)(ES3)(Freebie)](https://s3.tradingview.com/d/DgednVp9_mid.png "[Trade Setup] STI ETF (SG)(ES3)(Freebie)")
![ES3: Short STI $ES3 the only clown in [global] town left](https://s3.tradingview.com/c/c2KFwwVP_mid.png "Short STI $ES3 the only clown in [global] town left")
