Saturday, September 21, 2019

Dow Jones - The Double Top Resistance

It is important to monitor the DJII as most of the time it will determine whether our STI will move or not.

You can see around 27000 is the resistance and see how STI for last week also seems not to be moving.

If Trumpet and Xi Shi do not quarrel, the high low might continue with a breakout.

Nothing much we can do next and wait for the news, good or bad, the market shall decide.

If you like to trade, also take some time to look at the DLC which you can short in case there are bad news. 

Click the Top Volume so that you only short those that has volume.  DLC are much cheaper as compare to CFD and the max you can lose is your capital and there are no margin calls.  So, try to short using DLC if it exist, then 2nd option is to use CFD if it does not.

https://www2.sgx.com/securities/securities-prices?code=dlcertificates


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