Singapore STI ETF (EWS) WipeoutOne week to wipeout the last five and a half weeks, at leasst 70% of the rally gains.
What does that tell you?
Very strong and surprising large bear.
So the EWS (Singapore Straits Times Index ETF) is telling us so...
MACD has a lower high, obviously weak, and now a cross down. The Rate of VolDiv custom indicator is pointing to continued lower inflows since April (despite a strong rally) and was earlier warning of an unsustainable rally.
The week's breakdown also broke the modified SuperTrend trailing stop (support) line.
What does this mean?
A break back into the Decision Boxm, and a breakdown through to the lower side all the way to the mid-2024 lows. BUT in order for this to happen, it probably needs the new year rally to make a weak attempt to get a lower high then the breakdowns come in waves in 2025.
Heads up... herein have been warned.