Banks are mostly UP. So watch the 3-4pm mark…
Good afternoon,
This is something that I shared with my graduates online;
[2:16:21 PM] 00 KH-Trend Master: One simple observation
Dow was down, broke 10,000
But DBS is up 10cents / UOB up 28cents / OCBC up 12cents
So there is only 2 things in my mind
1. Watch the 3pm onwards mark : if there are some selling (not profit taking), then one must be careful on your long position
2. If by 4pm, no selling (not just profit taking), tonight numbers may not be that bad and one can hold onto your long positions.
[2:19:22 PM] 00 KH-Trend Master: Our local Banks price action are pretty good indicators whenever come to release of big economical data like tonight GDP numbers
Nothing is 100% but since we have a PATTERN that occurs on a regular way, lets see if it continue to work tonight.
Cheers!
Disclaimer applied
Kelvin Han
V3Go System Originator
Read more: Did You Trade