The STI has broken the range on the downside with sell signals on the short term charts on both the 4hr and day charts at 2987-2963 from 260121. The immediate target will be 2780, the pivot point on the weekly charts providing critical support. Short term trend DOWN since 260121 Medium trend UP with 2780 as support Long Term trend DOWN since 011018 PIVOT...
The SPX is going through a short term correction at 3928 on 170221 targeting the Daily pivot at 3810. Long Term trend UP since 011220 Medium Trend UP since 010620 Short term Trend UP since 040221 PIVOT 3810 Long positions above 3810 targets 3952 and All time highs Short positions beloew 3810 targets 3554 and 3442
The STI settles within a range between 2925 and 3020 with relative strength coming from the banks stocks like DBS, UOB and OCBC together with some interest in SIA and SAT shares providing some support. The short signals on both the day and 4hr charts are still valid on the 26/28th feb. PIVOT 2989 Long positions above 2989 to break 3020 and 3108 Short...
Multiple time frame bullishness for the 2 week of Feb 2021 may just give enough tailwind for the psychologically optimistic target of 4000 in the coming week. The long signals on the 4hr charts issued on 020221 at 3820 is progressing well with the index closing at 3940 on 120221. PIVOT 3772 Long positions above 3772 to make all time highs with potential for...
With short signals on both the 4hr and daily providing a breather just before Chinese New Year in Singapore, profit taking may just set in with support at 2780. The weekend Supertrend support at 2780 comes into play if 2906 (Tenken line) is broken to the downside as support for the weekly uptrend to remain intact. Pivot 2780 Long above 2780 with targets 2962...
Short term composure has been regained by the long signals issued on 020221(4hr) and 040221(daily) charts targeting new highs. The long and medium charts are still in a strong uptrend. PIVOT 3692 LONG POSITIONS ABOVE 3692 TO NEW HIGHS SHORT POSITIONS BELOW 3692 TO TEST 3553 AND 3454
The SPX broke its daily uptrend since the 051120 at 3471 at Friday's close breaking the 3726 supertrend daily support. Shorts on the 4hr at managed to bring prices down below the SSSB line on the cloud closing at 3705. Pivot 3828 Shorts below 3828 targeting 3539 and 3302 Long only if 3828 breaks above to retest 3863 to reclaim All time highs
Short term weakness observed in the Short term Daily and 4hr charts with shorts on 260121 at 2963 breaking the Daily supertrend line at 2932 targeting 2782, the supertrend pivot of the weekly charts. Please refer to the STI Matrix to see which are the components driving the weakness of the STI. The banks have ceased their climb and the property counters and REITS...
With all short/medium/long time frames bullish, the SPX 500 is expected to close of Jan 2021 in the green setting all time highs. Pivot 3726 Long positions above 3726 targeting all time highs Short positions below 3726 targeting 3708 and 3454
STI is bullish on both the short and medium charts with targets at 3108 on the monthly supertrend line. Watch the range for a break between 2983 and 3018. Pivot 2936 Long positions above 2936 target 3108 A break below 2936 will test 2906 and 2813
The EUR attempts to break above the SSSA line on the monthly cloud at the start of 2021 with a weekly long signal at 1.151 on 200720. Price action must trade above the monthly cloud at 1.150 to form a new uptrend. Short term weakness on the dailies and the 4hr on 080121 may find support at 1.178. Pivot 1.178 Long positions above 1.178 targets 1.400 Short...
Silver started a bottoming process on the LT charts on 010716 and broke out on the week of July 2020 at 18.34. Short signals were issued on both the 4hr and day charts at 26.62 on 080121 with support at 20.20 Pivot 20.20 Long above 20.20 for 27.66 then 49.60 Short below 20.20 for 15.81 Long term uptrend medium term uptrend Short term downtrend
The pound has been on a downtrend since 2008 and is now attempting to breakout of the monthly SSSA line on the cloud. Price action inside the cloud is often volatile and only settles in direction after breaking out of the SSSB line above 1.289 (SSSB on the monthly at this time) in the months to come. Daily charts issued a buy signal on 221020 at 1.312 remains...
The long term uptrend for gold from 020516 takes a pause with a sell signal in the medium term at 1812 on 231120. The SSSB on the weekly cloud at plays an important support for the uptrend to maintain. Short term sell signals were issued on the 1st week of 2021 at 1921. Pivot 1922 Short positions below 1922 targets 1760 then 1539 A break above 1922 will retest...
Pivot 0.753 Long positions above 0.753 targets 0.821 Stop 0.775 Break of 0.753 targets 0.725 and 0.681 Long term downtrend (bottoms if 0.681 holds) Medium term uptrend Short term uptrend
Pivot 1.325 Long signal on the 4hr targets 1.333 then 1.357 Stop 1.325 Break of 1.325 targets 1.300 then 1.200 Long term downtrend Medium term downtrend Short term downtrend (possible bottom if 1.325 holds)
An interesting example from the Hong Kong Stock Exchange that exemplifies a long term uptrending stock under going a correction in the short and medium term. Long term trend is still up as long as the supertrend line at 57.40 holds during pullback. Wait for the test and rebound of 57.40 before considering entry. Medium trend start 190818 and ended on 071220...
The SPX pulls back to 3755 with a short signal at 3777 on the 150121. Target is now 3670, the pivot on the daily charts. Pivot 3670 Long positions above 3670 with targets to all time highs Below 3670, look for 3441 and 3302