Spore economy has contracted and the 2nd qtr gdp has merely grown by 0.1%. This is almost 0% growth . I think is good to exercise with due care ! Is good to stay sideline.
Also I think US 2nd quarter reporting would be crucial and many companies have pre-warned of profit guidance.. Therefore,is good to be cautious at this point as US indexes has continued to break new high despite slower economy growth and possibility of interest rate cut in July.
I think market is overdue for correction.
Pls dyodd.
11th July 2019
Chart wise, looks rather bearish!
Today Gap up but close lower and is forming a Bearish Pin bar , doesn't bode well !
Short term wise, I think it may likely go down to retest 3300 level then 3268 level with extension to 3200.
Not a call to buy or sell.
Pls dyodd.
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