Straits Times Index Update
STI failed to close above 2,400 after many attempts over the past 4 ~ 5 days. The index has finally broken down today and break the last significant low at 2,344 producing a lower high and lower low candlestick. Next supports are roughly ( I like to use round numbers ) 2,280, 2,180 & 2100. The latter two levels confluence with Fibo 38.2% & 50% supports.
2,280/2,180 is where I think STI will land.
2,280/2,180 is where I think STI will land.
Labels: Market Direction
posted by Market Wizards @ June 08, 2009
Comments: 0
