STI BREAK RANGE TARGETS 2780

The STI has broken the range on the downside with sell signals on the short term charts on both the 4hr and day charts at 2987-2963 from 260121. The immediate target will be 2780, the pivot point on the weekly charts providing critical support.

Short term trend DOWN since 260121

Medium trend UP with 2780 as support

Long Term trend DOWN since 011018

PIVOT 2967

Short position below 2967 target 2780 and 2716

Long positions above 2967 target 3108 and 3270