Now the situation for short-term looks bearish again after show signs of bullishness last week.
Those who trades DJ30 will know that it gap up to 12800 yesterday on early trading and it trend all the way down thereafter - that means its a 400points sell down.
However, DJ30 did a 800points rally before 400points sell down, could it be a profit taking only?
Currently, DJ30 is consolidating at 12400 - a good support level.
Tonight will be the Bradley Turn Date.
Will Dow Jones bounce off support and turn higher?
We shall see.
At this juncture, trading stocks will be difficult because there are many gaps happening.
You can be in the money (ITM) but a gap against you will eat up your profits and sometimes become losses.
Level to watch out will be 2700 for STI.
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