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Set

Has the air ran out from SET?After a strong bullish run, SET managed to close with bearish candle that engulfed the larger indecision candle from the trading day before. I would have been calmer if SET50 and S50 would have followed its sister, but they have not had a close over the June highs. So let's ask us the question; is this the end of x-mas / Covid vaccine rally and time for a lager correction? Well if the 1450 support doesn't hold, the gap support and fib.618 might very well be a good area to find new buyers. Although, I personally, would feel more at ease if SET went all the way down to fib.50, to find new buyers, so investors can get a healthy northern ride, with nice slow higher highs and higher lows.
SET:SETShort
by SamuiTrader
S50Z2020 Highest Close Since Early JuneS50 stopped at an interesting place this Friday, at a secondary falling resistance and support, I just love when the price knows the technical game book. Since the pennant pattern was broken, the volume speaks for an absence of interest and the probability for a false breakout is higher. Even so, will S50’s lack of interest still takes it a bit higher, to start and consolidate around the 970 resistance and support. And from there, start to show some interest with higher highs and higher lows or will the air leak out and testing the support and resistance area, somewhere around 850-900? Since the market sentiment, last month or so, is mostly driven by Covid vaccination news, and any “old”-normal it can bring back to us, so will any news come to push S50 –and the broader market— in any direction, or is it time for the market itself to show any strength/weakness? Before I’ll end this analysis, I have to mention SET and that it is playing tricks with its bigger brother, the SET50 and the its connected futures that I am analyzing today. So will SET continue to be wearing the leader jacket or will the close, it did on the resistance at 1450 act like a BIG stop sign?!
TFEX:S501!
by SamuiTrader
What is SET thinking ?Dear investors, this is a question I have had for a long time. Will the Covid Panic Island powers be too strong and force the price index lower or have the market collected strength from half a year of knowledge? Sorry to say to all SET investors, I don’t think it has and am more bearish now for than I was in the middle of March. We’ll see if 1200 will be strong enough or if SET wants to close the 1150 gap, and how long down south the 4th phase trend will take the index.
SET:SETShort
by SamuiTrader
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