US market rebound up again, after one day down from the resistance level. So it's not that simple everytime short at resistance, market will go down straight. I believe last night up contained lots of short covering. Below are the over indices numbers:
Dow: 10786 +44
SPX: 1166 +6
Nas: 2395 +21
As market back to Friday's high(minor resistance),I feel market go can either way tonight: continue up or sell down from here( trapped bulls).
As for Singapore market, STI formed a big black candle yesterday with 26 points down. So watchout long positions and their support level.
Tuesday, March 23, 2010
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