The Straits Times Index
The STI is trading between two converging lines - the resistance line at 3,088 and an uptrend line with three touches. As the two converging lines approaching the apex, it has to break one of them. I tend to incline the breaking of the uptrend line ( circled ), which has bearish implication. This may coincide with a new MACD dead cross. We shall see as the market unfolds...
Labels: Market Direction
posted by Market Wizards @ September 30, 2012
