Quite sometime since I had the mood to post anything.
The last week showed STI breaking past the Mar-May highs, reaching almost 3040.
The question now is, have we completed wave 5? (which requires the move to have moved higher than 3031 the previous high). Are the big boys gonna let it retrace abit and push it up further since the other markets have yet to break March highs? Or have we completed wave 5 and just started wave A?
These are some questions to consider if you trade index stocks or stocks that mainly move with the index (note that micro pennies may not move with the index).
Trade safe!
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