It was a day filled with more anxiety. The prediction was very close to perfection as the bottom level touched was 10880 against 10918 anticipated and in bnf 27078 against 27048.
When I posted level in SGX forum, people did not like it. Now they would have realized after experiencing.
Upward movement in index was muted. Reason is very obvious that the option writers did not want to give exit to call holders who have bought the Calls when the VIX was above 17.5%.
The message from the market is very clear today. Those who have understood can play well next week.
See this week move and read along with VIX. You will get answer.
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