STI broken its long term trendline support!

I have gone through 2 days of MC, plus the dis-ease started Sunday, so it is a total of 3 days. I am still unwell at the moment and I am concern if my health is actually failing.

Although my fever have subsided, I got a feeling that my sickness has not come to an end. If you have been through fever before, you might recall that it always end with a heavy load of cold sweat. This did not happened and I am still feeling that something is twitching to burst out of me (like the monster in Alien, Aliens, Alien 3, Alien resurection...).


Fig 1 STI Weekly Chart
In my last entry on STI, I noted th danger of it breaking the long term trendline support. Well, it did on the weekly chart, at the same time it is still unconfirmed because the week has not completed yet, there ar estill 3 days to go and you won't know if STI crawl its way back on top of the line by the end of the day.

Both the indicators are seen at top reversing down, so probably we shall see at least a few weeks of down trend.


Fig 2 STI Daily chart
Seeing the spectacular move today, I can only say "wow"! after dropping around29 points yesterday, it went down by another 59 points, which only daily basis is quite far to be saved by now. It is presently resisted by its 21 days moving average @ 2,955 and supported by 89 days moving average of 2,867.

STI did a retracement to below its previous high which now turns resistance @2,947. the good thing is that the indicators are at the bottom on daily basis, so there might be some pull back from its down thrust. but probably it needs to meet its 89 days moving average first.