STI must stay above 2740 today for further upside
Posted by admin in Futures Pick, Market AnalysisGood Morning,
I am glad that some of the traders were on the right side yesterday by loading shares than shorting the market.
Yesterday, STI broke the magical number of 2733 and rallied to a high of 2763.36. I am very happy for those who followed and recovered back some of the previous losses.
But because the previous high is 2763.38, it created a SHP formation therefore do expect initial volatility in the market before the market find a direction. So traders might be confused by the initial movement.
For today, unless STI cross above 2740 convincingly, if not, traders may have to exercise caution note. Its a combo of TSC + V3Go BC EP Level. WIth the DIFF Indicator R/L at 2763, do expect the market to trade inbetween these levels.
Have a great trading day ahead.
Disclaimer apply as usual.
Cheers!
Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program
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