Straits Times Index is now stuck in sideways range

It has been a volatile week for STI last week as it went from low to high within the week. STI started the week with a drastic selloff as concerns from the China market impacted the sentiment in Singapore. 29.55pts was erased on that day which hit as low as 3234 level. The support at 3230 level held well as STI was able to rebound off that level firmly for the next few days. Multiple resistance level was broken on Wednesday as the US market managed to hit historical high levels during its overnight trade. Despite the bullish momentum on Wednesday, the buying strength starts to tamper off on the last 2 days of the week as there is lacking of catalyst to help STI to rise further. Cautious trading was seen as traders adopted the wait and see attitude. ...