Singapore STI ETF (EWS) Wipeout
One week to wipeout the last five and a half weeks, at leasst 70% of the rally gains.
What does that tell you?
Very strong and surprising large bear.
So the EWS (Singapore Straits Times Index ETF) is telling us so...
MACD has a lower high, obviously weak, and now a cross down. The Rate of VolDiv custom indicator is pointing to continued lower inflows since April (despite a strong rally) and was earlier warning of an unsustainable rally.
The week's breakdown also broke the modified SuperTrend trailing stop (support) line.
What does this mean?
A break back into the Decision Boxm, and a breakdown through to the lower side all the way to the mid-2024 lows. BUT in order for this to happen, it probably needs the new year rally to make a weak attempt to get a lower high then the breakdowns come in waves in 2025.
Heads up... herein have been warned.
What does that tell you?
Very strong and surprising large bear.
So the EWS (Singapore Straits Times Index ETF) is telling us so...
MACD has a lower high, obviously weak, and now a cross down. The Rate of VolDiv custom indicator is pointing to continued lower inflows since April (despite a strong rally) and was earlier warning of an unsustainable rally.
The week's breakdown also broke the modified SuperTrend trailing stop (support) line.
What does this mean?
A break back into the Decision Boxm, and a breakdown through to the lower side all the way to the mid-2024 lows. BUT in order for this to happen, it probably needs the new year rally to make a weak attempt to get a lower high then the breakdowns come in waves in 2025.
Heads up... herein have been warned.
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