SSEC follow up

I went on leave today. It is my daughter's official registration for primary one. I was a little strange that the school asked us to be present by 10:30AM. So my wife and I took time off work to go through the process.

What the school did not tell us was that they have also arranged vendors to be at the school. So we did not bring our daughter there for purchase of uniforms and shoes. Nevertheless, we did complete the school bus registration and purchase of all the books.

I was also quite surprise that my daughter belong to the green house, because I belonged to the green house too when I was in primary school.


Fig 1 SSEC Weekly Chart

Now back to chart, my last up-date indicated SSEC having more chance of continuation than reversal. That was the time when it was in a congestion band. Well, it did break out on the up-side. In fact, it reach an objective of more than what the rectangle indicated. In all it was an objective of a swing move.


Fig 2 SSEC Daily Chart

Now I am using a past tense because SSEC's indicators are showing weakness. The weekly ones seems reversing while the dailies not only reversing but on divergence. So SSEC is likely to follow the rest on reversal.

At present there is a support at 2,981 while 21 weeks moving average at 2,796.