STI

Weekly

• Sideway, range bound bet’n 2530 – 2700.
• MACD bearish, MACD histogram below ctr. RSI heading south to 30%.
• Last week candle just broke 100W MA is showing weakness

Daily

• Long term- Still uptrend.
• Short term- Bearish, just broke 20 and 50 D MA heading for 2530 support.

Resistance

• Strong resistance at 2700 confluence with 50% Fibo. Tested 4 times w/o breaking!

Support

• 2530, 2436. Watchout for trend reveral when break 2530 support.

Strategy

• If rebound short term - Wait for breaking resistance with high volume to long
• If continue to pullback - 1) Watchout for retrace at 2530 support to long 2) Watchout for breaking 2530 support to start shorting.