As expected, it was a choppy day for SIMSCI. No position was established as market seems to be directionless. This is 12-min chart.
The view of choppy day was built when observing positive Nikkei and negative Hang Seng during morning session. These two leading indices in regional market are contradicting and it was likely to pull down SG market , especially when market is attempting to recover from recent loss.
Though Nikkei showed strong gain during afternoon session , HangSeng still failed to follow. From these observations, SG market is unlikely to have impressive gain.
Leave a Reply