While we are having our holiday, the US major three indices DJI, SPX and Nasdaq are TURNING from downtrend to uptrend last night.
Asian major markets such as HSI, SSE and STI has yet do so. Will it catch up? We will see.
As for today, the two resistance levels for STI in coming days:
S1: 2816(gap)
S2: 2875(fibo level)
Genting Resistance: 1.605-1.625(gap)
I will be continue focus on blue chips for a quick rebounce.
Wednesday, August 31, 2011
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