April 15, 2016 Moses Straits Times Index Analysis
Last last analysis, an inverted Head and Shoulders. It has been a long time, long long time, from 2009 the index has been forming higher low. 2015 was the turning point, but the low can break lower than 2011 low. 2016 attempt to go lower, the start the reversal. But, as at today, the price has again turn direction.
April 15, 2016 Straits Times Index
When you are unable to determine the direction, go higher timeframe or next higher timeframe.
Picture Worth a Thousand Words
Straits Times Index, ^STI
From the EDC the trend is still downtrend. Only until when the EDC is broken. But in a short term, there is a retracement; uptrend.
April 15, 2016 Straits Times Index Weekly Chart
Moses Stocks Analysis and Scan
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