Technical and digital analysisWe notice that we are in an upward correction and there is an increase in momentum. We are waiting for sellers to weaken in order to buy, Update idea Add note
EWS trade ideas
Singapore ETF, EWS to decide... bear in mindNot so much bullish from US elections, and quite the opposite really.
Already broke the support line as previously marked. Now, it is in a decision zone.
MACD is crossing down and VolDiv already crossed down.
Looks a more bearish outcome tho... even with a surging US market, the EWS would probably taper down instead of fall off cliff kind of thing.
Singapore STI ETF (EWS) - Retracement modeIt has been a while since I pulled up this chart. Missed on the bullish breakouts twice in 2024. Thing is that it is very obvious the technical indicators are stretched and long in the teeth... and a recent spike ended with a consolidation.
Given all these, a break down of the condolidation support would spell a strong retracement.
Coming soon... akan datang.
Singapore STI ETF (EWS) - Royal Flush Part VEWS really going to do it this time it seems... close below the support line.
This is premature on the weekly chart, but heads up, two things to happen...
First, a close below the support means a breakdown underway, especially if it is accompanied with a lower low.
Second, there needs to be a late week rebound strong enough to get it back above support line. Then there is half a chance for a reversal.
MACD appears not as bearish really.
VolDiv is somewhat bullish to be honest.
I'd watch this closely...
Singapore STI ETF (EWS) - Royal Flush Part IVAs previously posted, BEAR. The thing is, since the last post, the EWS (and other indices) made a sucker rally that pulled in the bulls. And a few weeks later, they burned.
This time, the burn is shown by a failed breakout that is followed through the other side. Technical indicators are now in full support as cross downs are registered. Critical supports are broken. New downside targets shown.
SINGAPORE STI ETF (EWS) - Royal Flush part IIIJust to highlight the Singapore going into technical recession]news first... that a technical recession is in the horizon, closer than we even realize.
Otherwise, the EWS SG Singapore ETF, is technically challenged, with imminent downside.
1. Lower high made, and a possible imminent lower low to come in the next weeks. Breakdown below the red line is a lower low;
2. Downside target 1 hit. One more much further;
3. Last week's candlestick has momentum for more downside;
4. MACD crossed down and below zeroline; and
5. VolDiv continues to deteriorate...
All these points to breaking a lower low, and thereafter more downside to the lower target
SINGAPORE STI ETF (EWS) - Royal Flush part IIAs expected previously, the Singapore STI (EWS) hit the first target range. It appears to have bounced off a bit in the short week (Friday is a Public Holiday, being Vesak Day). However, the technical indicators accentuate that there is more downside to come...
Breaking down below the support to form a lower low is confirmation for the lower target to be the next downside target.
SINGAPORE STI ETF (EWS) - Royal FlushMultiple signals all aligned to much more downside in the Singapore STI...
1. A lower high. Watch for the lower low incoming!
2. Break out and then break back into the consolidation range. This is the second time, and expect an extrusion through the bottom of the range.
3. MACD lower high, and crossed down. Bearish oops, look from crossing down into bear territory soon.
4. VolDiv crossed down.
Targets drawn.
On the other hand, the SG10Y bond yield just broke out too. This represents a flight to safety already in the making.
Heads up!!!
STI (SG) to pull back from topQuite clear...
The EWS (tracking the STI, Straits Times Index of Singapore) pretty much topped as the MACD crossed down, with the VolDiv converging.
Looking for a reversion to mean, 5-8% down.
Watch the support level over the next week.
Singapore ETF, Important resistance on 20 (Put options)Sentiment is bullish for Singapore ETF, it would have cross important resistance on 20, accumulation of put orders.
Singapore STI ETF (EWS) signals a rough 2022The Singapore bourse STI ETF, EWS, has a very ominous outlook for the next couple of months into the end of 2022.
Hyperinflation could be the current trending killer, but seems like more is likely to add on. Not sure what shoe will drop, but the charts tell it as it is...
April and May ended badly entering into a range that saw May break down of that range briefly. The monthly technicals are showing a lot of underlying weakness, and the first downside target is shown.
The lower range band must hold, and is quite likely to be tested and should hold (at least seen at this point). Otherwise, a low more downside will ensue...
Heads up for the next half of 2022 Singapore!
STI (EWS) in Primary Downtrend (TD Sequential)The Singapore Straits Times Index (STI) is in a primary Downtrend.
This is observed and concluded from the TD Sequential analysis.
Referring to the monthly chart for the STI ETF (EWS)...
The EWS in recent months had broken down hard, and bracked below the TDST support line within the downward TD Sequential. Now, typically, this series is called the Buy Setup, as it "times" the downtrend for a reversal. The reversal came in a short month (9th candle), and the following month (August) closed with a candlestick bearish in close, and also bearish in pattern where there is a long top tail that is at least twice the length of the body.
Monthly technical indicators are bearish too, although not extremely.
The next couple of months should see the EWS, and STI move lower. A very critical support is about 16.5-16.6, where the lows of the GFC and the Pandemic routs align a supporting trendline.
BEARISH Wave!
Country ETF: iShares MSCI Singapore (EWS) This morning on the client messaging platform I also published my Active Trading Plan which included comments and levels on Sasol, BHP, Standard Bank and MTN as well as my Tactical Trading Guide for the top 20 names on the JSE.
Country ETF: iShares Singapore (EWS)
“With inflation and global yields rising, the market’s 48% exposure to the financials sector provide a tailwind but also a risk for investors. The technical structure is supportive of a buy/long, provided the ETF price remains clears and holds $24.35. Stop: $22.43
Weekly Chart
EWS - Bear Call Spread - ShortPA recently broke down below 200EMA
Despite short term bounce, looking for Revert to Mean Lower.
RSI >88 and PA struggling to recover 23 Level.
23/24 Bear Call with 22 Put for Directional Bias Lower.
Sept 20th Exp
Good Luck - Watch your $$$ RISK
Bearish Pattern forming for $EWSTriangle bearish pattern forming with a price target between $9.4 - $9.9
Witch Hat targeting 0.61 FibSingapore Index Fund Looks like over the Month of Aug a Witch Hat Reversal Could be made although still in the early process of targeting 14.5
