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
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