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Commemorative$STI ETF(ES3.SG)STI ETF (ES3) - Gap Down Watch - Market in Pullback Phase
Today’s price action shows a clear breakdown below support, signaling a shift in momentum to the downside. Rebounds have been weak, which points more toward distribution rather than strong buying interest.
Key Levels:
* Resistance: 4.89 - 4.90 Support: 4.84 – 4.85
* Wait for a base to form,avoid entering in the mid-zone.
* Consider buying only if 4.85 holds and a rebound occurs.
* Avoid chasing prices near resistance.
Strategy: Be patient. Let the market stabilize before making any entries
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