Singapore back from the brink

Singapore’s Straits Times Index recovered above primary support at 3000. Reversal below 3000 would signal a primary decline. 13-Week Twiggs Momentum holding below zero continues to suggest a down-trend. Breakout above 3180 is unlikely at present, but would signal a primary advance to 3300*.

Straits Times Index

* Target calculation: 3150 + ( 3150 – 3000 ) = 3300