STI seem to be resisted at 61.8% too!
Posted by admin in Forex Analysis, Futures Pick, Market Analysis, Trivial of Life, World Cup Highlights
Good Morning,
To see Portugal slamming North Korea by 7 goals in a World Cup Game was indeed amazing and I must say, most of the goals are pretty well taken and masterfully crafted by the players who seemingly have the intend to play their heart out. The Korean did pretty well to hold the match until the 2nd goal which really torn both their defence and morale down. Here are the highlights of the game.
After watching a nice goals rush, it is time back to the market.
This is what I posted to my graduates this morning on our V3Go Grads Only Skype Conference
[8:17:03 AM] 00 KH-Trend Master: today is a clear way to explain about Futures influence to the spot/cash market. Yesterday because of the Yuan news from China.. The Dow Futures rallied up 130points or the S&P then was trading much higher when the STI closed at 1705hr… But during the night, the Dow rallied and eventually closed small negative inteasd…
So to the retailers outside, they will be surprised to see how come the market actually gap down much more than the usual, for a dow that is only down -8points.. The rough calculation is that the Dow in actual fact lost more than 140points…
That will be the way the market will calculate. cheers!
[8:19:18 AM] 00 KH-Trend Master: Yesterday, i shared with some of my friends on the Euro…
I call for sell based on common chart pattern.. I am looking to short the Euro for this week.. yesterday BHP was a good indication… for today, I expect some recovery from yesterday’s selling but if it continue to fall, i will recommend shorting it further. And if this currency is to fall, most likely it will also affect the Equity Market.
So with the Euro coming off and the STI showing indication of a resistance at 2888… I am going to thread a little careful today on the Long side. But I expect the market to gap down first, go down a little before regaining composure as this market is a little too strong to go down immediately… it will take a little bit more time for it to caved into the selling.
More updates will be on the blog as the day goes by
Disclaimer applied.
Kelvin Han
aka Trend Master
V3Go Originator
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