Previously in this post, I mentioned that $FTSE Singapore Straits Time Index (.STI.SG)$ is at a crossroad.
Read here and here.
Today has closed below 3320 which confirms the short-term bearishness. A test towards 3320 as a resistance will likely confirm that more bearishness will set in with the price heading towards 3250.
Follow me for fresh insights.
Possible hedging instruments:
Warrants:   $SIMSCI 280MBePW240930 (GIWW.SG)$
DLCs:   $STI 7xShortSG250529 (CZGW.SG)$

Earlier, I posted a video on $FTSE Singapore Straits Time Index (.STI.SG)$ at a crossroad (watch here STI at Crossroads: How to Trade with Strong Momentum & Historical Highs).
Update today with 2 charts.
Weekly chart: Price is near 3400 and a long-term trend line
Daily chart: Price action is showing bearishness near this resistance.
Hit the follow me button for fresher insights!
A day close below 3320 is going to provide a more bearish...

$FTSE Singapore Straits Time Index (.STI.SG)$ on the Edge: Bullish Momentum vs. Resistance (3400)
The Singapore STI is at a crossroads! The index is nearing resistance at 3400, but strong momentum is pushing it to 3-week highs. This video dives into the current situation. We'll also discuss how to hedge your long STI portfolio with DLCs and warrants.
Possible hedging instruments:
Warrants: $SIMSCI 280MBePW240930 (GIWW.SG)$
DLC...

My interview on 联合早报 Lianhezaobao on 26 Feb 2024. Key levels to note for $FTSE Singapore Straits Time Index (.STI.SG)$
Hit the follow me button for more instant updates!
Short-term trading instruments:
Bearish
$SIMSCI 250MBePW240930 (EVNW.SG)$
$STI 7xShortSG250529 (CZGW.SG)$
Bullish
$STI 5xLongSG250529 (CVEW.SG)$
$SIMSCI 295MBeCW240930 (MWDW.SG)$

$STI 7xShortSG250529 (CZGW.SG)$ always delay update... cb

$FTSE Singapore Straits Time Index (.STI.SG)$ has a clear short-term range for some quick trade.
Resistance at 3180 and support at 3130.
These are immediate levels.
If the price cannot be supported at 3130, then there is a chance for the price to head towards 3080 support again.
Key events to note will be Singapore banks earnings coming soon.
Watch $DBS Group Holdings (D05.SG)$ $UOB (U11.SG)$ $OCBC Bank (O39.SG)$
My interview at LianHe Zaobao talked about Singapor...

$FTSE Singapore Straits Time Index (.STI.SG)$ $UOB (U11.SG)$ $DBS Group Holdings (D05.SG)$ $OCBC Bank (O39.SG)$ $Singtel (Z74.SG)$
today marks the fifth opening dip, overnight futures price have met 2020’s lows.
is that indicative of a further drop into the month.
we shall see if a rebound is due by 26-oct or earlier.
$STI 7xShortSG250529 (CZGW.SG)$
congrats to the shortists, it must be a wonderful week for them, i’m so jealous
- signing out

Good day traders!
We're looking at a potential buy setup for
$FTSE Singapore Straits Time Index (.STI.SG)$
And this is why:
1.) From the beginning of August 2022 to the present, the price has been in a descending trend on the Daily chart.
2.) Looking for a possible retracement sell entry at 3223.51 where the 61.8% Fibonacci line and 38.2% Fibonacci line intersects. There is also a market gap there to be filled which adds confluence to this bias
3.) Take...

Hello there, traders!
We're considering a possible sell setup for
$FTSE Singapore Straits Time Index (.STI.SG)$
And here is why:
1.) On the daily chart, the price has been declining since the beginning of March 2022 to the present.
2.) Price fell to its lowest point on June 17th, 2022, before retracing back up to the 50% Fibonacci line. The price then crashed back down with a retail double top.
3.) There may be a pullback to catch the bearish momentum wit...