The short signal on the STI issued on 050521 on the day charts is still in play and has hit it's target at 3024 intraday at 1400hrs on the 14052, Friday.
3024 is the weekly pivot support on the weekly charts and if broken, will end the medium uptrend started since 071120. The long term charts are showing exhaustion as price action now trades below the SSSB line on the ichimoku cloud with monthly supports at 2813 (Kijun) and 2613 (Supertrend Pivot).
LONG TERM UPTREND SINCE 010321
MEDIUM TERM UPTREND SINCE 071120
SHORT TERM DOWN TREND SINCE 050521
PIVOT 3024
Long positions above 3024 to 3192 and 3406
Short positions below 3024 for 2813 and 2613
youtube link https://youtu.be/ADv2oBFicGs
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