15 March 2019

Still Weak

I’m keeping my pessimistic outlook. The STI rose strongly earlier today but ended up in the lower half of the intraday range. The trend is still downwards. Global issues like the trade war, Brexit, and economic softening in USA and China are keeping markets nervous. However, although it is typical that Subwave c (brown) should have about the same length as Subwave a (brown), it is possible that Subwave c could be truncated due to strong upward pressure. Maybe next week?

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