STI TESTS 2516 TWICE

The STI made an intraday high of 2569 on the 13 oct and has since faced selling pressure throughout the week to test 2516.

A break of 2516 will quickly move to 2509 and a close below 2509 will resume downtrend in all timeframes.

A hold above 2516 will test 2569 and may start an uptrend on the daily charts.