It feels good to be back to market after a 2 weeks break. It has been a total blackout from market and news. It seems like market already priced in the QE news and market is pulling back from it. Like they say, “sell on news”!
During the break, got a few tasks planned and got a few items planned. Do watch out for further announcements.
STI has been trading in a range and could not break the resistance at 3090. If STI breaks below 3040, there is a chance that double top pattern could be forming and if it breaks below 2980, then double top is in play. As of right now, it is just a wait and see for STI. HSI would be having a 2 day holiday this week therefore with China and HK on holidays, STI would be quiet in the morning and would be affected by Europe and US markets.
