FT100 volatility at 6100
On the 5-minute chart time frame, this nearly 2-hour struggle between bulls and bears definitely spell ‘Big Fight‘. In my opinion, this is a lot of effort to defend 30 points or only 0.5% of the index. Is it worthwhile to throw in so much treasure to defend such a small real estate? Reminds me of the movie ‘Hamburger Hill’. #pyrrhicvictory
- Hour to hour, FT100 is trending down.
- It is fighting below day open which means this far the index is in the negative and sentiment bearish.
- Is this region a pivotal point? That intensity says so.
FT100 5min chart showing huge struggle over a 30 point real estate
USDCAD week – week sequence terminated
Someone remarked that CAD is very strong. Was. Not anymore since that previous 14 weeks of week – week lower highs in the USDCAD pair has been terminated as of end of last week. Could be weakened. Could be sideways.
USDCAD daily chart Oct 2015 – present
SATS a bright spot on SGX
Blue chip SATS (ticker: S58) is truly a bright spot on the Singapore stock market. Not only is it’s uptrend intact, it is making new 52-week highs which is amazing in this bear market. For those using MACD, note the PD setup and S2 on moving averages.
SATS weekly chart 2013 – present
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Soh Tiong Hum is Director of TerraSeeds Market Technician Pte Ltd. TerraSeeds is a trading educator in Singapore since 2005.
Soh's Twitter account @sohtionghum
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"I do not have a financial advisor's license. I am not qualified by any regulator to give financial advice. I do not know you the reader. Your investment means and motive may be different from me. My posts here are based on observations and meant for education. I am not responsible for for any consequence from your actions."