The STI settles within a range between 2925 and 3020 with relative strength coming from the banks stocks like DBS, UOB and OCBC together with some interest in SIA and SAT shares providing some support. The short signals on both the day and 4hr charts are still valid on the 26/28th feb. PIVOT 2989 Long positions above 2989 to break 3020 and 3108 Short...
Multiple time frame bullishness for the 2 week of Feb 2021 may just give enough tailwind for the psychologically optimistic target of 4000 in the coming week. The long signals on the 4hr charts issued on 020221 at 3820 is progressing well with the index closing at 3940 on 120221. PIVOT 3772 Long positions above 3772 to make all time highs with potential for...
With short signals on both the 4hr and daily providing a breather just before Chinese New Year in Singapore, profit taking may just set in with support at 2780. The weekend Supertrend support at 2780 comes into play if 2906 (Tenken line) is broken to the downside as support for the weekly uptrend to remain intact. Pivot 2780 Long above 2780 with targets 2962...
Short term composure has been regained by the long signals issued on 020221(4hr) and 040221(daily) charts targeting new highs. The long and medium charts are still in a strong uptrend. PIVOT 3692 LONG POSITIONS ABOVE 3692 TO NEW HIGHS SHORT POSITIONS BELOW 3692 TO TEST 3553 AND 3454
The SPX broke its daily uptrend since the 051120 at 3471 at Friday's close breaking the 3726 supertrend daily support. Shorts on the 4hr at managed to bring prices down below the SSSB line on the cloud closing at 3705. Pivot 3828 Shorts below 3828 targeting 3539 and 3302 Long only if 3828 breaks above to retest 3863 to reclaim All time highs
With all short/medium/long time frames bullish, the SPX 500 is expected to close of Jan 2021 in the green setting all time highs. Pivot 3726 Long positions above 3726 targeting all time highs Short positions below 3726 targeting 3708 and 3454
STI is bullish on both the short and medium charts with targets at 3108 on the monthly supertrend line. Watch the range for a break between 2983 and 3018. Pivot 2936 Long positions above 2936 target 3108 A break below 2936 will test 2906 and 2813
The SPX pulls back to 3755 with a short signal at 3777 on the 150121. Target is now 3670, the pivot on the daily charts. Pivot 3670 Long positions above 3670 with targets to all time highs Below 3670, look for 3441 and 3302
The STI continues its climb to test 3108. Pivot 2920 Long positions above 2920 to test 3108 and 3270 Short positions below 2920 for 2871 and 2813 Looking at the monthly chart of the STI since 2007, the STI has been in a broad range between 2580 and 3898. A break of 3108 will test the 2 year downtrend cap on price since 2018. A break and hold above 3270 most...
The long signal at 3471 on 051120 is still valid with on the daily charts with a pivot at 3653. On the 4hr charts, volatility is picking up with wide corrective moves and violent rallies. This is often symptomatic when equities grind to new highs with portfolio repositioning and sector rotation occurring (US banks are rallying as an example) Pivot 3653 As long...
After 5 weeks of hibernation, the STI breaks range and targets 3108. Property and bank components are leading the charge. 3108 is the LT supertrend line that has capped the STI on a downtrend since 1st Oct 2018. The SSSA line on the monthly charts sits at 3270. Only a break and hold above 3270 on a monthly basis will return the STI to an uptrend. Pivot 2892 Long...
The SPX closed bullish for all time frames including the monthly charts that leads the way for more gains into 2021. New all time highs are expected in the first trading week of 2021. Short term Pivot is at 3725. A break of 3725 will test 3653 and 3508
The range between 2786 to 2873 maintained. The short signal issued on the 301120 at 2841 targeting 2767 is still VALID. PIVOT 2872 Short positions below 2872 targeting 2783 and 2668 A break above 2872 will target 3108
A Long signal on the 4hr was issued on the 161220 after a brief dip to 3629 setting another All time high at 3733. Will multiple time frame bullishness, we expect a strong close into the year end PIVOT is 3686 A break below 3686 will see 3590 then 3487
The SPX is bullish on ALL time frames and appears to have broken the Monthly Supertrend Line at 3655 into December 2020. Price must close above 3655 on the 1st of Jan 2021 to confirm the next long term Up Leg of the SPX over the next few months. Pivot is at 3651 A break of 3651 will test 3557 and 3466 to the downside. Price holding above 3651/4hr Supertrend line...
A short signal issued on 301120 on the 4hr signals a pullback to test 2767 ST line on the dailies. This is considered a pullback as price is still above the cloud on the 4hr. Pivot : 2873 A Break above 2873 will test 2920 then 3108 A bounce below 2873 will test 2767 then 2671 The STI is bullish short term and medium term. A long signal on the weekly charts was...
The STI continues its uptrend in both the ST/MT to 3108. Support is at 2839. A break of 2839 will test 2767 then 2671. LT outlook is still downtrend with 3108 as the pivot point.
The STI closed exactly at 2813 on the Kijun line of the monthly charts as discussed in last week's post. The next target remains unchanged at 3108 on the montly Supertrend line. Short term support at 2779. A break of 2742 (Supertrend Pivot) will test 2651.