Jul 1, TA for STI

Jul 1, TA for STI

• Trend - Down (but bullish trend reversal), possible a Side Trend in making. 
• Momentum - upward moderate slope
• Support - 3075 (Resistance turn support) - bullish signal
• Resistance - 3173
• Volume - Above Volume - indicate strong participation
• Candlestick - 1x White Soldier (bullish signal)

After my last blog update on STI, bearish reversal candlestick "black cloud hanging", STI has been trading near the resistance level. Today, it has break the 3070 resistance level with strong volume. The white candlestick is now crossing 50D and 100D, which means transition - not a clear trend.
What is interesting to note is that, our STI index is the best performance among Hang Seng, Dow Jones and S&P. What you see on those indices don;t affect or co-relate to STI movement.