Based on V3Go Pattern, Dow created a Cluster Formation
Good Morning,
9985 will be Key Support level for the Dow tonight and based on our V3Go system, Dow created a Cluster formation pattern and usually such pattern equates to a potential big directional movement coming ahead soon.
My take is Upside if 9985 stays as the support and 10400 will be the first level that I would pick as the point to hit if my forecast is proven right.
For the STI today, do expect initial downside pressure since the market was on the way up alongside with the S&P at 1700hr. Then the S&P Futures was trading at 1065. Now its trading at 1044… thus downside is inevitable BUT if the STI can stay above 2938 after filling up the gap, then its a good chance that the downside will be limited instead.
I am not encouraging anyone to go short on the local stocks today but instead, I am encouraging players to scan through and see for support levels to accumulate those shares that you want to load 2 days ago before the rally which I believe, many have missed it due to fear factor.
I will update more as the day progress
Cheers!
Disclaimer applied
Kelvin Han
V3Go System Originator
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