The US market major indices Dow and SPX are hovering their major resistance at 11500 and 1220 respectively,( they both closed slightly above the resistances), while the technology dominated index Nasdaq shows stronger uptrend.
As for STI, the current "boundary" is 2715-2750( refer to my previous post), a break above 2750 could lead to the next resistance area at 2750-2788, which is the gap when STI fell down yesterday.
As for the long candidate, Hkland US$ is holding well at its support level 4.7, with target 5.07 and 5.2( refer to my post on 17th Oct http://www.sgtraderclub.com/2011/10/hkland-us.html)
and SIA Engg formed a hammer candlestick reversal yesterday.
Will update you again.
Wednesday, October 19, 2011
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