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SINGAPORE STI ETF (EWS) - Royal Flush part II

iShares Inc iShares MSCI Singapore ETF (AMEX:EWS)  
Auguraltrader  
AMEX:EWS   iShares Inc iShares MSCI Singapore ETF
Technical Indicators Chart Patterns Trend Analysis singapore STI EWS straitstimesindex
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indicator chartpattern trendanalysis singapore sti ews straitstimesindex
As expected previously, the Singapore STI (EWS) hit the first target range. It appears to have bounced off a bit in the short week (Friday is a Public Holiday, being Vesak Day). However, the technical indicators accentuate that there is more downside to come...

Breaking down below the support to form a lower low is confirmation for the lower target to be the next downside target.

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