Singapore Exchange Gap down to today due to loss of MSCI licence which will impact its profits.
On Wednesday, global index publisher MSCI also signed a licence agreement with Hong Kong Exchanges and Clearing (HKEX) to launch Asia and Emerging Markets futures and options contracts.
Under the agreement, HKEX unit Hong Kong Futures Exchange will receive a suite of MSCI equity indices on which it will base an initial 37 futures and options contracts.
Bearish sign before today downtrend breakout. Interesting to take note of.
Elliott Wave Theory is a method of technical analysis that looks for recurrent long-term price patterns related to persistent changes in investor sentiment and psychology. The theory identifies waves identified as impulse waves that set up a pattern and corrective waves that oppose the larger trend. elliott wave theory online elliott wave theory institute
ReplyDelete