V3Go Outlook for STI and Hang Seng markets: Expect initial upside then follow by slow movement today..
Posted by admin in Futures Pick, Market AnalysisGood Morning,
First, I and my V3Go Team members would like to express our deepest condolence to the victims of the recent earthquakes in Chile. We hope that the government in Chile quickly do their best for the people, will the people try to stay strong during this tough period.
For us, back at home, we must really count our blessing for being in a country that seem to be immune to such natural disasters. One should never take for granted of what one have.
Now for the markets outlook;
STI: Based on our V3Go System, we expect the trading range of the Index to be between 2782~2737 for today.2752 will be the V3GO Magic Number for today. If the Index can stay above OP and above this level, the market should be heading North. If Not, one should expect some further profit taking on this market. Based on our V3Go System Indicators, both of them are showing signs of exhaustion therefore we are not surprise to see the market re testing the 2734 support level for today.
In summation: The S&P was trading around 1104 at 1705hr on last Friday, therefore with the market trading around 1109 now, we do expect the STI to open higher but our V3Go Indicator is displaying a downside sparrow formation therefore a gap up will actually attract profit taking shall the market goes below the OP of today. If the market can find strength to go above OP, then one can go long. So traders do take note of this.
Hang Seng Future: Based on our V3Go System, we expect the trading range of the Index to be between 20759~20092 for today.
20656 will be the V3Go Magic Number for today as it have an intersection between a V3Go TSC and V3Go SC on it. If the Index can stay above OP and above this level, the market should be heading North. If Not, one should expect some serious profit taking on this market.
Based on our V3Go System Indicators, one is pointing for more upside while the other is showing sign of exhaustion therefore we are not surprise to see the market re testing the 20759 resistance level first for today.
In summation: The S&P was trading around 1101.75 at 1615hr on last Friday, therefore with the market trading around 1109 now, we do expect the HK Future to open higher later.
You can see that we are very precise and do set some expectation even before the market open so that this will give V3Go Grad a competitive edge when trading begin later. This is how and what a good trader should do so that they will not freeze when the market begin. Nothing is 100% but it always pay to do some homework/research.
Disclaimer apply as usual.
Kelvin Han
aka Trend Master
Originator of V3Go Mentoring Program
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