1. The US congress has passed a last minute bill to end the partial government shutdown and raised the federal debt limit till early next year. This had provided some relief to the market. From the chart, the STI is still near its long term 'Green trend line'. The 10weeks Moving Average (MA) is still down and had not move up to cross the 40weeks MA. Technically, this still implies that the STI index is still bearish and we are not out of the woods yet. We will continue to monitor for the 10weeks MA to flatten out and turn up. No changes to the last week forecast as the Index is still in range bound.
2. For the coming week ahead:
Resistance: 3,270
Support: 3,120
