25 May 2018


The STI dropped to about the 38.2% retracement level and has gone back up slightly. But there is still a high probability that it could drop down again. The current correction structure is still rather amorphous and next week’s direction is uncertain. There is as yet no indication that an upward trend is forming.

Investors are still holding back in view of the uncertainty of a North Korea meeting with USA as well as the trade squabble between USA and China.

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