May 30-June 3 - TA for STI Index

May 30 - Jun 3, TA for STI Index

• Trend - Narrow Side Trending
• Momentum - Flat for Stochastic and RSI
• Classical Resistance/Support - 3170 / 3092
• Moving Average - I called it the "Moving Average Squeeze".  
• Bollinger Band - Trending into a bollinger Squeeze.
• Candlestick - Inverted Hammer (bearish reversal signal)
• Volume - Slight below averag

From TA STI Index, Monday-23May, a strong sell down, thereafter flat. In general, it's a flat week agan. As long as it is still trading along 3170/3100, index will be flat and boring.

From the performance Index HSI, STI and DJI - It's flat for STI and DJI except HSI stage a strong recovery, so indexes are co-relating each others again.