STI Monthly Chart

While Dow Jones Monthly Chart only has divergence seen on Stochastic. the divergence indicators on STI monthly chart is even clearer.


Fig 1 STI Monthly Chart

Both the RSI and Stochastic not only created a divergence, they are already on their way down. It is presently pausing at a resistance point of 2,751. This resistance has been quite strong in the past stopping a few penetration from either side.

I guess once it penetrate the neckline, the next level of support would be at 2,521.