July 2018, Straits Times Index was up 51.15 points or 1.56% over end of June. Out of 30 constituent stocks, 20 gained, 9 ended in the red, 1 remained unchanged.
If these are valid resistance levels, day-day price action will show up bearish reversal patterns that are very easy to spot in the zigzag action.
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Price action on USDCHF, USDSGD and GBPUSD all agree that USD is likely to continue strengthening. GBPUSD has the clearest setup.
Instead of common bearish reversal patterns, USDSGD is printing a potential bullish continuation. It is doing a correction/retracement after which USD is likely to continue strengthening.
Good signals confluence and agree with each other such as shown in these GBPUSD, EURUSD charts based on zigzag, chart patterns, price action.
STI down 4.65% both M-M and Q-Q. June 2018, 1 stock posted gain, 1 remain unchanged, 28 losers. EEM and Capitaland make prominent down moves.