All 3 Indices shown here have broken there uptrend lines. The bad new is they have not found a good support line. But, the good new is the selling volumes are weaker. Thus, I see a further retracement in next two days. STI need to reach to a supporting level( 200MA) to create a new bull trend.
Comex is on this weekend, I believe the sale figures will be poorer than before. Due to, additional of 2% GST, Nets issue,etc. This will only affect a small percentage. The main issues are still in US. Thursday night, US will have the Q2 Preliminary GDP, I believe it will give to market some upside push.
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