Nov 21, TA for STI and DJI

• Trend - Side to Upward (above 100D support and below 200D resistance)
• Momentum - Moderate downward
• Support -  11600
• Resistance - 12200
• Candle - Harami (bullish Reversal)
• Volume - 14D Average below 50D Average, Daily below 14D Average (indicate cautious volume)
• Pattern - 14D -> Downward Slope detected. 

• Trend - Side to Down ( trade below 20D and 50D MA) - (bearish)
• Momentum - near Oversold
• Support - 2687
• Resistance - 2900
• Candle - Gap Down with black Marubozu (bearish)
• Volume - slight volatility detected, 14D above 50D. Price down with increase momentum (bearish momentum persists.)

In general, STI is more bearish as compared to DJI index. STI had traded below the 2760 support or below the 50D MA with increased selling momentum (bearish momentum persist). Short term 21D downward slope formation. STI important index to watch 2680 ( a strong historical support), it will determine the next trade range.