STI is forming a Classical Sell Signal Today… Kindly take note of 2741 today
Posted by admin in Commodities, Futures Pick, Market Analysis, Stock PickGood Morning,
This is what I shared with my fellow graduates this morning;
[9:37:49 AM] 00 KH-Trend Master says: Morning,
Crude Oil is forming a classical SELL Signal based on the TSC as its DH failed to re-enter the UT TSC.
And with the current S&P trading much lower as compared to yesterday…
Most likely, we are going to see some profit taking soon. Traders who are in CPO stocks, please kindly set trailing stops so that you won’t be caught off guard if the selling do come in.
Shanghai index most likely will continue its selling as long as it cannot break above the OP of today as it is within the DT TSC
STI must minimumly stay above OP (2741) of today . Currently it is challenging the LB of the UT TSC at the moment. If the index goes below OP again, it could lead to a Classical Sell Signal formation.
My Take today:
For Futures side: I am encouraging traders to go SHORT based on Rules.
For Stock side: I am not going to buy any stocks.
Cheers!
Kel
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