SgTraderClub Weekly Stocks Updates: Straits Times Index

Monday, May 23, 2011

Straits Times Index

Good morning everyone.

The STI has been consolidating (sideways) for the past three weeks, it was really boring and tested much of my patience. For the coming week, I will be cautiously bullish in the broad market-- the uptrend is still well intact but STI facing major resistance 3180. The support and resistance levels I'm currently watching at:

Resistance: 3180
Support: 3110
Bullish/Bearish: Cautiously bullish

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