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STI Index – Dead Cat Bounce After Climatic Sell-Off? - yahoo finance singapore, singapore stock exchange, sti index

Nikkei 225 | 12:08 | 0 comments

STI Index – Dead Cat Bounce After Climatic Sell-Off? - yahoo finance singapore, singapore stock exchange, sti index

The support zone I highlighted last week had indeed stopped the free fall. Now, there are signs of a rebound, and a lot of people have been asking me if this rally is sustainable or simply a bull trap. Looking at the price action, we can see that the big players have been shaking out the weak holders via a climatic selling campaign. At this point, most people would be unable to bear the pain and simply bite the bullet and cut their losses. Unfortunately, this is actually the worst time to be selling because a rebound always follows a climatic sell-off!

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