After last week euphoric action, what will happen to STI Index... Looking at the STI index chart, it has successful breach the pivot zone 3120 area to close at 3139. The next level of resistance will be around 3150. With one big uncertainty removed from the market, look forward to bigger risk appetite in H2.
Next week close will be crucial as the first week of every month typically sets the tone/pace for monthly performance, and the first month of the quarter for quarterly performance, and first quarter for next half year.
Happy profiting!!!
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