Its no secret that the our exchange here in Singapore is a market follower. We are extremely exposed to the world and volatility in foreign markets do affect the STI to a large extent. However before we analyse the index, we need to have a basic understanding of support and resistance levels. Support Levels are where prices have bounced back up in the past and it is a level where investors find value in entering. Resistance Levels are where prices have been rejected and where investors have come to take profit when prices reach a certain point. In essence, we want to buy at support levels and sell at resistance levels. Depending on your risk appetite, one may even consider buying at resistance if an ascending triangle is spotted or other bullish catalyst indicators (news, earnings call etc.) Credits to good old Tiger Brokers The current market correction which are now in was indeed foreseeable. How bad it would get remains to be seen....