Bears would say there may be a double top at 2284 and 2274 which
implies that to negate this view the STI must quickly overcome 2284
and move well into 2300 territory. Anything below 2100 would be a significant pull back (Althought is not likely to form lower low)
Bullish technical signals says next week we are expecting a pullbacks to below 2200 offer another chance of buying again. Support, 2163
Similar to Dow, which is recently still staying in grey area, betwen double top or further cheonging. The only conclusion drawn is no strong sign of selling as for now yet. My take is TA plus market sentiment showing potential minor pull back early next week, and continues its journey to met physicologycal region 2400/2500. From there a significant down waver must happened based on Weekly indicators.
1 hour ago
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