4 January 2019

Still Stuck

The STI went sideways and is still stuck within the correction channel. The big jump today raises hope, although the intraday low is a new low in recent weeks. This low is now labelled as the end of Subwave c (brown). However this does not guarantee that the STI will not go lower next week, lengthening Subwave c.

Resumption of trade talks between USA and China next week caused some optimism, but the jury is still out as to the outcome.

Previous     Archive     Next