Still remember the say " Amateurs trade market open and professionals trade market close"? It's what last Friday and today's market have done. On both days, the market opened gap up higher as the US market closed higher at previous night. Most of us "think" it will go up too. As soon as it opened higher, professionals took the advantage to crack down on it... So what are the important points to look for? The support and resistance and trend. When STI broke 3100, the market sentiment is bearish, the trend is down also. And also do have a plan, the ESP( Entry, stop, profit target), always ask "WHAT IF" before enter the trade. Trade wisely...
STI short term resistance and support: 3100, 3055
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