Good morning, just a quick update on the STI. Above is a weekly line-on-close chart of the STI. I decided to use a line chart this time instead of a candle chart to illustrate that the STI has been range bound for the past 5-6 weeks. The upper boundary is at 2647, while the lower boundary is at 2538. So what do we do? For a medium term investor, i would suggest getting out of the market if the STI closes below 2538. If the STI manages to reverse and to close above 2647, then it is safe to get back into the market.
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