We are back on Track for the uptrend (parallel channel marked) STI is showing early signs of a trend reversal in recent weeks as there is a consistent rebound from around 2520 to 2533. As Singapore is heading towards phase 3 in the coming weeks, many companies will benefit from the increasing number of international visitors and tourists. As for Singapore businesses, revenues have largely stabilized however many businesses will not be reporting Q3 performance therefore the market might be less excited. Another possible reason why the markets are not recovering as fast as we would like it to is that dividends distributions are reduced drastically due to the state of the economy. Lastly, in anticipation of the US elections, we will continue to expect high volatility in the coming weeks before 3rd Nov. STI – Updated Daily Chart Parallel channel back in play I have decided...