SINGAPORE STOCKS MARKETS NOW: A MUST-READ ANALYSIS!

Dear readers, in this post, let us analyze the current Singapore Stocks markets via a technical analysis. As always, we will analyze the performance of the local bourse through an analysis of the stocks market benchmark indicator: the STI. To be more specific, I am looking at the technical analysis of the STI ETF.
As of the week ended 5 Apr 2019, the STI ETF is Overbought. There is a huge rally of the STI ETF on 3 Apr 2019, or to be more precise, a second consecutive rally of the STI with the first being on 2 Apr 2019.
I believe the gaps in the technical patterns of the STI ETF would likely need to be filled. As such, in the short term, I believe the STI ETF will head south a little before consolidating again for the next macro catalyst to bring the local stocks markets up again. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.