Normally STI follow leading indicator like DOW or S&P500. This time round, STI and Asia Index all tank due to Nikkei, however US index still holding strong, i.e above 50dMA resistance level.
So, I think STI will recover after the Nikkie fear subsided.
I could be wrong. Infact, I hope I am wrong as I am waiting for GSS as well.
Normally STI follow leading indicator like DOW or S&P500. This time round, STI and Asia Index all tank due to Nikkei, however US index still holding strong, i.e above 50dMA resistance level.
ReplyDeleteSo, I think STI will recover after the Nikkie fear subsided.
I could be wrong. Infact, I hope I am wrong as I am waiting for GSS as well.