1. The STI Index losses a little of its strength and closes at 3,210. From the chart, the STI is still above its long term 'Green trend line'. This might be just a short term rebound DUE to the delaying of the cutting of Stimulus Tapering. The 10weeks Moving Average (MA) is still down and had not move up to cross the 40weeks MA. Technically, this still implies that the STI index is still bearish and we are not out of the woods yet. We will continue to monitor for the 10weeks MA to flatten out and turn up.
2. For the coming week ahead:
Resistance: 3,270
1st Support: 3,121
