STI performing miracle



STI seems to have put up a great performance today. This is the second week which we see a gap up from its previous location. So is STI defying its trend?

 

 

My guess is that it is not. What my chart shows a multiple restriction given to this index. First it attempts to cross the moving average which is presently a resistance. Then there is the Gann fan and Gann grid. The last 2 times it tried penetrating failed.I will still say that it is coming back down.