Jun 22-24, TA for STI

• Trend - Downtrend
• Momentum - Oversold
• Support - 3000 (new lower low formed)
• Resistance - 3100 or 20D MA (3090)
• Volume - Average
• Candlestick - Dark Cloud Hanging - Bearish reversal.

After just 2 days of gains, it started to show sign of bearish reversal candlesticks. In down trending, avoid LONG position as the it will tends to have Lower High formation which means that price will unlikely to hit resistance level. Instead, it's easier to SHORT at Resistance level or Lower High as it will goes much lower low. 

Interesting News,

http://seekingalpha.com/article/276180-fed-economy-weaker-yet-no-policy-changes