In my opinion, modest tapering in the preset of an improved economy is a positive step towards interest rates normalization. With the central bank persistence to hold interest rate to near zero(as long as unemployment exceeds 6.5%, inflation no higher than 2.5%), this will also reduces the uncertainty premium.
STI price action seems to have found its support and is currently trying to break its 10dma(3084.25). Macd showing a possible bullish crossover and RSI broke out from its oversold position. If 10dma is broken convincingly, a trend reversal will be confirmed, if not, more downside will be imminent. Be cautious.
...
