Good morning friends,
I always advise traders not to trade on temptation. Most temptation comes with euphoric market. Previously it was euphoric rise and now it seems we are going to witness euphoric fall.
Yesterday it broke 17600 marks in closing minutes but now what I am witnessing on SGX is really scary. It is looking to open with 150 points downside opening.
Gaps are not in the hand of traders. What is to be done after such gap down opening. My view remains same.
Do not be tempted and do not be aggressive. It may not be easy anyway, the same way it was not easily tradable rise.
Technical support is at 17440-17400 zone. If it recovers then its fine else it may get a door for 17200 levels.
Happy Trading
