[18 Nov 2018 UPDATE!] SINGAPORE STOCKS MARKETS: WHAT IS NEXT?

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SINGAPORE STOCKS
Following my earlier post here , I would like to update all readers that currently, the 200-days-moving-average of the STI ETF had indeed sloped down such that it just touched the 300-days-moving-average of the STI ETF. Crossing below the 300-days-moving-average for the 200-days-moving-average would indeed confirm that the downside to the STI and hence to Singapore stocks would be sustained for quite sometime.

Coupled with the fact that the STI ETF is now poised to enter the Overbought region. Amidst the current non-eventful state of global stocks markets, I believe there will be some selling ahead to cause the STI to head back to below 3,000.

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