Straits Times Index (STI) - The Week Ahead 17 to 21 Oct 2016

Corporate earnings, economic reports and Fed speakers could all challenge markets in the week ahead, but traders will be on guard for the latest catalyst — the potential bombshells coming from the presidential election.
http://www.cnbc.com/2016/10/14/take-your-pick-theres-a-lot-that-could-spin-markets-in-week-ahead.html

The STI weekly chart shows that the current support is at about 2800 points and next support is at 2720 points. 

The resistance is at 2835 and 2860 points.

Straits Times Index (STI) - The Week Ahead

Down Jones on 09 Sep 2016 closed 394.46 points lower on 09 Sep 2016 and shares in Europe and Asia dropped the most since the aftermath of the U,K. Brexit vote in June after Fed Bank of Boston President Eric Rosengren said the economy could overheat.

Singapore market is closed today for Hari Raya Haji holiday. The Straits Times Index (STI) is likely to fall about 2% tomorrow when it opens.

In my point of view, markets have recovered very quickly after the Brexit vote and finding an excuse to sell off. It will be good opportunity to buy blue chips shares when the sell-off is done.

The important support for STI will be the 200-day Moving Average at about 2,800 points. If it breaks the 200-day MA, the next support will be at 2,770 and 2,720.

STI Index (Weekly) - 13 May 2016

The STI Index weekly chart shows that the down-trend is still prevailing and it closed for the week below the 20-week Moving Average.

The current support is at 2720 and the next support is at about 2680.

The current resistance is at about 2770 and next resistance is at 2830.