Short STI $ES3 the only clown in [global] town left

1 Kas 2018

The Straits Times Index seems to be lagging into bounces recently, Nikkei and SHCOMP has already bounced into their targets and are consolidating whereas the Singapore index has yet to find proper footing. At this moment the STI has gapped open and is heading straight into its 3W resistance at 3076. With little to no real support it is a prime short opportunity.

Intention: Short ES3 @ 3.118 corresponding STI @ 3075
SL: ES3 @ 3.127

Caution: The Singapore market and STI is notorious for illiquidity and thus, traders must watch out for liquidity traps. Opportunities might be present but liquidity might not.

1 Kas 2018

İşlem aktif

Entered short ES3 @ 3.096

1 Kas 2018

Not

Will enter more aggressively with short ES3 @ 3.127