Oh oh... the optimism, much as we want it given, does not appear to be. Having bounced off the middle of the consolidation zone, a surge to the upper range resulted in a weak follow through with a lower high, and a following bearish (patterned) candlestick.
The technical indicatiors are trickling downwards, and one wonders if it is going to uptick...
A bearish outlook is setting in (early stage now) and few things need to firm it up, besides fundamentals and news... technically, a breakdwon of the orange trendline is needed, as a follow through to the bearish reversal candlestick pattern. VolDiv should dive further down, as should MACD be clearer (tends to lag).
The SG10Y Govt Bond yields appear to heads up this bearish outcome too... so watch it happen in real time.
The technical indicatiors are trickling downwards, and one wonders if it is going to uptick...
A bearish outlook is setting in (early stage now) and few things need to firm it up, besides fundamentals and news... technically, a breakdwon of the orange trendline is needed, as a follow through to the bearish reversal candlestick pattern. VolDiv should dive further down, as should MACD be clearer (tends to lag).
The SG10Y Govt Bond yields appear to heads up this bearish outcome too... so watch it happen in real time.
