I posted on 3rd Aug that STI is possibly forming a symmetrical triangle and there is going to be a tug of war between the bear and the bull, do you know who won?

Well, it was the week of the national day week, and many people was waiting and anticipating for a national day rally. However, it did not happen.

Instead, I observed the market breaking down after the symmetrical triangle.

Where do you think the Singapore market STI will be heading to?

I also see that -DI indicator is crossing up the 40 level, which showing possibility of down trend. MacD also had a bearish cross over. RSI is crossing downwards.

STI is two of the stock market that has not broken the March Low this year, the other market is Hong Kong HSI. So, it is possible that the market is going to re-test this level at 2,271 level.

The market broke the support at 2,831 on the day before the national day. This is a critical level to watch too. As long as the market did not close higher than this level, that will further increase the chances of down trending market.

So, be sure to observe the 2,831 level, if the market do not close higher, then we should another bearish week ahead and we can see Singapore STI to re-test the 2,271 level.

Singapore Straits Time Index (STI) Stock Market Trends Outlook

Welcome to InvestMoneyLab, you can now gain special private access to Gold Mastermind Club which is an inner circle that we share the latest profitable trading system and stock picks for free. Thanks for visiting!