The BULLs have finally lost the 2,800 camp to the BEARs. The next level of support comes right at the 2,790 level, if the BULLs are not able to climb back above the 2,790 and 2,800 level, they will run the risk of losing the 2,700 camp in the weeks ahead.
The BULLs are not stupid but the chart shows that they have been tricked by the BEARs in the last 10 days. Will Friday be the 11th day that the BULLs are not showing strength again?
STI BULLs attempted the 2830 level on Tue but failed. This will be very bad for the BULLs.
After the 1st 2 hours of struggle, STI BULLs remain below the 2,830 level.
An appearance of the DOJI+RED Bar and the close below 2,830. The BULLs are in for some trouble.
STI closed almost a Doji on Tuesday after a strong rally on Monday. No Follow Though. The STI BULLs out of breath?
Good strength seen in the STI BULLs. STI gained 25 points to close at 2856. Next challenge is back to 2,880 again.
STI BULLs are being crushed by the BEARs at MidDay. Losing the 2,830 level is bad for the BULLs.
The BULLs have managed to cross the 2,830 level once again and hopefully they can once again use this opportunity to make STI BULLs proud.
STI BULLs gained 13 points on Tuesday to close at the doorstep of 2,830. The BULLs asking the BEARs for permission to enter the 2,830 zone again.