Jun 6-10, TA for STI

Performance Indexes -DJI (down), STI (Flat), HSI (reversing Up)

 Predictive Elliot Wave Theory - STI is at Wave 3 (corrective wave)

June 6-10, TA for STI

Trend - Side (confirmed by MACD)
Momentum - slight Overbought (confirmed by Stochastic)
Volume - below average (below 20D MA line)
Classical Resistance - 3180 (confirmation by 3x RED arrow)
Classical Support  - 3100 (confirmed by 2x GREEN arrow)

Comment,
From the Elliot Wave formation, we are still stuck at wave 3 (corrective). If you look at performance chart, STI is flat relative to HSI and DJI. One thing to note, after weeks of flat trending, a clear downslope trendline is formation (see the 3x RED arrows) with Classical Support (see the 2x GREEN Arrows). If this trend continues, it will gradually form a "descending triangle" (bearish reversal signal).