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My personal market opinion

Today STI closed -35 points after several European countries got downgraded, but looking at some charts, a lot of them closed with white candles. And market is still overbought. Which means that if you are thinking of longing, you are taking in additional risk. But can it go higher? Of course as it is only your money. But to short, I do not see any convincing signals. Technically, if tomorrow’s (Tuesday) price goes lower than today (Monday) or Friday’s low, then yes, technically it is a shorting signal.
Although currency now does not closely related to stocks movement, I will still be watching it for any clues.




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