tanreu

More upside?

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SGX_DLY:ES3   STI ETF
Happy new year to all. Santa sure made his round agree Christmas with the rally leading up to the new year. The daily PPMs 1 and 2 are squarely in trend mode up. This makes today's fizzle out seem more like a blip than actual stalling. Also, there is usually some rally in the markets in Jan so do take now of that as well.

Weekly PPM 1 is still looking strong while PPM 2 is predicted to get into uptrend territory. Hence the story overall looks rosy for now.
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