Last Friday (9 Sep), this blog turned bearish on STI when it could not hold above 2880,a significant support. This blog establish the first retacement target at 2826 which was achieved today. Going forward STI is expected to be weak and could test the 2793 and 2743 support levels subsequently. STI will continue to trade rangebound and the key levels are stipulated in the tradeplan on the chart.
All posts and charts are for educational and illustration purposes only