Our STI reached panic level intraday. In this context, we closed our short position @ 1352.4 => 1369.8 - 1352.4 = 17.4 pts (profit).
On top of that, the market rallied in the last 3 hours and most indexes achieved a key reversal day.
Our Trend Level (TL) is at '1', telling us the market is extremely oversold.
At the same time, our Power Level (PL) is at '3', telling us the downtrend is rather weak.
In this context, we opened a long position at close, and we believe the market will retest the zero line of our key indexes in coming days.(around 1385)
Current position: long @ 1364.92
Have a nice day,
