STI finally broke this year's high

Good morning! It has been a long time since my last entry. The STI finally made a new yearly high last Monday. Above is a weekly chart of the STI. The STI has been largely range bound between the 50% and 61.8% Fibbonacci levels since Nov 2009, with support at 2700 and resistance at slightly above 3000. More importantly, the STI has been trading above its 200day moving average since Jun 2009 and above its 50day moving average since Apr 2009. So the major trend for the STI is up. First major resistance is at its previous high of 3258 and thereafter at the 76.8% fibbonnaci retracement at 3400. Major support is around the 61.8% fibbo retracement level at 3000 pts.