5 Fast Fact on STI

5 Fast Fact on STI

1. STI reverse from a downtrend after 3 days no New low turn around.
2. Currently STI make New high Every 3 day and stays above 5 simple moving average
3. Trader in profit will watch 5 SMA as a trailing stoploss, currently at 3070.
4. As long as the STI make a new high, someone is buying up the market. If nobody buy, price cannot be higher.
5. As long as price did not drop below prior day low, the selling is not strong enough to turn the the market upside down.

Rather than shouting where is the market high or low, we prefer to read what the STI is telling us by the facts. Trade the price actions, not your opinions.