STI CLOSES IN ON 3108

The STI closed on an intraday high of 3116 on 090321. The break of the monthly pivot point of 3108 will reverse the downtrend of the STI since 011018. The strength of the banks, Jardine, SGX and Wilmar may support this climb in the short term.

PIVOT 2995
Long positions above 2995 target 3108 and 3207
Short positions below 2995 target 3041 2843

Long term DOWNTREND since 011018
Medium term UPTREND since 071120
Short term UPTREND since 250221