STI Update

The STI is pretty undecided as you can see by the long tail it formed today. I would have called this a potential shooting star in candlestick term if it had occurred at the top of the trend. The parabolic is still in the bearish mode and STI seemed to be waiting for something to happen?! Anyway, watch your stops while you trade. The market can get a little whippy from here, maybe affected by sentiments in the US reporting season although i have to admit that the undertone seemed to be firm.

I have decided to continue posting my views but probably not the trades as they are not timely and the timeframe is very different... and it may cause more harm than good and may act as an unnecessary inducement to trade even though i have a disclaimer on top.... but no worries, i will continue to share whenever the time permits. Happy trading.