STI Weekly Summary

STI Weekly Chart

Based on the weekly chart, we can see that it is correcting its overbought action. No sign of this correction is over. I'm looking for STI to find support at 2850. Weekly chart still indicate the trend is up. Monthly chart indicates that this uptrend is not yet over.

STI Weekly Summary

STI Weekly Chart

You can see that there is no major resistance until 3200-3300. Before STI can reach there, 3000 must be broken first. Since daily and weekly chart are overbought, expect a pullback before the next trust against 3000.