Good evening, things looks better during the past few days. The STI clawed back about 170 points over the past 3 sessions to close at 2668; about 20 points above the previous low. The MACD looks like it is forming a bullish divergence pattern, with the STI making lower lows while the MACD making higher lows. To me, 2700 looks like strong resistance, so if the STI is able to close above that level, there is a good chance that we are seeing a turn-around in the stock market.
For now, stay cautious! But i think the time to buy is near.
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