Technical Analysis
Long Term Market Analysis: Prolong Drawdown in Singapore and S&P 500 $SPY $EWS
By Investment Moats  •  June 11, 2011


We take a look at the long term charts again today.

Long Term Market Analysis: Prolong Drawdown in Singapore and S&P 500 $SPY $EWS 20110611%20sti.

The key here is that since our last analysis in May, Singapore markets have been doing what I have highlighted, which is hanging around and drifting lower.

The 13 week EMA and 43 week EMA are coming together soon. I see either

  • a continual consolidation in weekly prices and a break up or a break down after that
  • or a sharp draw down starting next week

Both occurrence have a high likelihood to create a death cross with the 2 weekly moving average which will point to long term downside.

Price target then would be 2750 at the 200 EMA representing a 10% draw down from here.

The other possibility is for a break up after the consolidation. Look for prices breaking above the falling peaks (red line) as an indication to go long. This will be a ...

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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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