Its a sick day

Its a sick day today, and I literally mean sick. My wife and I did not feel well since the morning. She actually popped some panadol to get rid of her headache. I am dis-ease all over my body. There is this sweaty feeling, wet hair, sticky aftermath. Its like the sweat has not been able to evaporate, and the new ones keep accumulating. After my nap, I got a splitting headache. My daughter was having her fever, on and off , we brought her to see the doctor in the afternoon.

My son was the only healthy person in the family, but knowing his sister going to see the doctor, he wanted the same. So we took him there and asked the doctor to give him the Cocanumonia injection.


Fig 1 STI Daily Chart

It seems like we are not the only one unwell. STI was going no where when I check in at 4:00PM today. I am pretty surprise that it fell much more at the end of the day. The whole day movement was 29 points while 14 points fall compared to yesterday. However, it is still supported by the short term trendline @ 2,961. The support tomorrow will be 2,968. Another support is from 21 days moving average @ 2,953.

The pattern STI just created reminds me of something like a flag, except this is after a gap. Gap measurement is just like a flag or penant, flying at half pole, so I guess there is still one more stretch to go.

Both my indicators Stochastic and RSI are also coming down, they are close to the bottom but not quite there yet. So logically we should be seeing a little more action heading south.

The Gann Grid is holding with tomorrow's resistance at 2,894. It is also interesting to note that the STI is resistance and stopped at the 23.6% Fibonacci projection mark.