MSCI SINGAPORE INDEX ready for a new bullish run 🦐MSCI SINGAPORE futures after the nice impulse until the 333 level started a retracement move.
The market touches the 0.382 Fibonacci level over a support structure and started a consolidation move.
IF the price will break and close above the minor resistance structure, we can set a nice long order according to Plancton's strategy.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together.
SGPK2025 trade ideas
Weekly Market Update: KLCI & STIWeekly Market Update from TradeVSA Chief Trainer, Mr. Martin Wong.
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
STI - A corrective up year for 2019?STI ended 2018 as a down year.
For 2019, we are expecting STI to be in a corrective up move, yet remaining below the previous high at 415.50.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
The sharing of this idea is neither necessarily indicative of nor a guarantee of future performance or success.
Mid Term Correction Idea for SG marketSGX:SGP1!
Mid Term trade idea for SGX:SGP1
Due to the weakening dollar (DXY) testing a very strong support level, and Singapore market being negatively correlated with the dollar...
If the USD bounces above its key long term support, it would then mean that Singapore market would be in a period of intermediate correction.
Alternatively, if the USD breaks below it's key long term support, we would see the big boys (banks, HFs, AMs) move their money towards the cheaper assets across the EM countries. Holding USD denominated assets in the alternative scenario will erode the value of their portfolios.
Preferred Scenario - USD recovers and bounces above support, EM markets enter temporary correction
Short when SGX:SGP1 closes below 399.65.
Play the drop towards 378.00 for corrective wave A.
RSI also currently finding support and testing neutral level at 50%
Singapore Stock Futures Topping Pattern?Looks like the MSCI Stock Futures may be forming a large head and shoulder pattern here...seems to be confirming and aligning with a high in $EWS and emerging markets in general ($EEM)
The bull cycle counts for both $SGP1! and $EWS point towards the major high/right shoulder forming during Q4 '17, and more specifically, around October-November...
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I'll post more analysis and go over the opportunities once things become clearer.
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