Singapore Stock Market News
Alpha Edge - US finally breaks down
StockFanatic
Publish date: Tue, 25 Aug 2015, 03:05 PM
StockFanatic
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The US S&P500 finally broke below its wedge pattern. Our S&P500 target is now at 1,820pts, which is the start of the wedge. US technology stocks are also showing signs of breaking. Asia looks shaky. MAxJ is now below 500pts and, with likely further weakness in China, the index could fall much lower soon.
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