On weekly chart, STI pierced thru Taos SL (30 Jan, 3391.2) and rebounded with a +ROC (closing price above open price) and closed above Diff SL (13 Feb, 3409.38).
With US closing lower more than 1% on Fri, expecting STI to gap down. I will monitor possibility of STI to break LHF in weekly chart after the pull back. On daily chart, STI trade 2 days below trend support line. If have long position, need to be caution.
Instruments that show buying interest from Dealer/Intermediary (sell-side participants)
- Dow (increased for 2nd week)
- Nasdaq (decreased for few weeks)
- S&P (increased for 2nd week)
- Russell (decreased for 1st week)
(1) COT Index > 90
Down Trend and Up Trend is based on 50 Simple Moving Average
In weekly chart, US markets last week (23 Feb) end with a doji and pull back this week. I will monitor more closely on those support region. Based on Market freak out: Dow plunges 279 points, CNN report, due to better than expected Non farm payrolls and unemployment rate, traders and investors worry Federal Reserve will likely raise interest rates sooner.
Some of my added long positions, SL was triggered and added some short when broke pdl to hedge against my long positions.