end of day picture for STI

Above is a daily chart of the STI. The STI is now trending sideways between 3207 and 3170. The momentum indicator has also turned flat. Trend indicators indicate that both the mid term and longer term trend is up.

end of day picture for STI

Another quiet day today. I guess everyone is waiting for the outcome of the FOMC meeting starting tomorrow. Market action is still weak, with the STI closing just above support at 3171. Momentum has started to turn down, but mid to long term trend is still up. Next support level is 3130.

end of day picture for STI

Dear all, above is a daily chart of the STI. Today's price action is rather weak, with price gapping up and falling for the rest of the day to close at 3187, which is the previous high. Support appears to be 3170. Mid to longer term trend is up. Next target for the STI is 3230.

end of day picture for STI

Good evening, daily chart of STI is attached above. Today's candle formation looks like a bullish hammer. STI also seems to have found support on the 20day moving average, bouncing strongly off that line. This level also corresponds to the previous pivot high of about 3100. Momentum based on the MACD is still down, so the near term picture is a bit mixed. A close above 3130 level is a strong sign that the uptrend established since March 2011 will continue.

end of day picture for STI

Good evening, above is a daily chart of the STI. Momentum is coming down, near term support is at 3130, but mid and longer term trends are still up.

end of day look at STI

Good evening. Above is a daily chart of the STI. The nearer term picture for the STI is getting weak. Momentum is dropping. It looks like the STI is headed towards support at 3130. Resistance is around 3172. Longer term picture is still on the uptrend.

end of day picture for STI

Hi, a quick look at the STI at the end of today. Above is a daily chart of the STI. I was looking forward to the STI heading towards 3230 after it closed above 3180, but i guess it is time to take profit. The STI has fallen back to previous strong support at about 3130. If the STI manages to rebound from this level, then this time it should head towards 3230. Both medium and long term trend is still bullish.