Stock Market Outlook 2021 – A BULLISH Year Ahead? (STI and Dow Jones Chart Analysis)
Author: Trading Impossible | Joey Choy
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Finally, we have ended 2020 which I would say would be one of the weirdest and most volatile year for the stock markets ever. 😅
We have seen the Singapore Market STI tanked by more than 30% as the pandemic hit, and then recovered by about 30% from the March 2020 low..
However, we are currently still below the levels before the pandemic happened.
The US Market Dow Jones has done way better, rebounding to above pre-pandemic levels. 👍
Joey here, Top Tier Remisier in Phillip Securities.
So the question in many peoples’ mind now is: “𝐂𝐚𝐧 𝐰𝐞 𝐬𝐭𝐢𝐥𝐥 𝐬𝐞𝐞 𝐭𝐡𝐞 𝐛𝐮𝐥𝐥𝐢𝐬𝐡𝐧𝐞𝐬𝐬 𝐢𝐧 𝐛𝐨𝐭𝐡 𝐦𝐚𝐫𝐤𝐞𝐭𝐬 𝐜𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐚𝐬 𝐰𝐞 𝐩𝐫𝐨𝐠𝐫𝐞𝐬𝐬 𝐢𝐧𝐭𝐨 𝟐𝟎𝟐𝟏?” 💪💪
Is the worst of 2020 really behind us?
Well, watch this video to the end as I talk about some of the positive developments in the markets,
before we dive into the charts for the STI and also the Dow Jones to see what it says.
You’ll want to take note of some of the 𝐤𝐞𝐲 𝐥𝐞𝐯𝐞𝐥𝐬 𝐭𝐡𝐚𝐭 𝐢 𝐭𝐚𝐥𝐤𝐞𝐝 𝐚𝐛𝐨𝐮𝐭 that can determine if we can still see a bullish 2021..
Watch here >> https://youtu.be/huRbjpavsAc