SINGAPORE STI ETF (EWS) - Royal Flush part II

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.