Look at STI Weekly chart and Monthly chart below:
What the 2 charts above tell me:
1. Market has been in such a DRAG! Investors are undecided, BUT
2. Market is at a decision point and a resolution will be coming soon.
Personally, I still am more inclined to think that there is still upside to come because of falling volumes while index stays flat for the past week (which show presence of buyers as sellings were absorbed), I am not really that optimistic.
Market can't stay flat like this forever, so I guess we can still expect pockets of ...
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