Global Indexes

Trend is up. Market just started correction.


All indexes, Dow, S&P and STI are beginning to enter the correction phase.










An only difference is S&P seems to be weaker among the three. Last cycle seems to be lower low and the high was almost similar to previous cycle at 1104. If the corrected fall below the previous low at 1032, watch-out for double top formation which could be the signal for reversal.

STI although showing higher high and higher low, there are bearish divergence to be caution in case the correction breaks 50d and 80d MA.