STI continued its bull run and is now at 1896 level. The index has stayed 19 trading days in “Recovery” mode. The index is showing some fatigue as it approaches its 200 day moving average of 2075.
Similar pattern is seen in US market with the Dow Jones Industrial Average ascent slowing down as it approaches its 200 day moving average of 9230.
The pullback if it happens will tell us whether this is a bear rally or beginning of a bull run.
Similar pattern is seen in US market with the Dow Jones Industrial Average ascent slowing down as it approaches its 200 day moving average of 9230.
The pullback if it happens will tell us whether this is a bear rally or beginning of a bull run.
