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STI TESTING SUPPORT AT 2516

TVC:STI   Straits Times Index
The STI has paused its downtrend in the ST on 121020 at 2542.
The buy signal on the 4hr charts at 2510 remains valid only if 2516 holds.

A break below 2516 will test 2485 and a close below 2485 will resume downtrend on all time frames to test the lows.

A bounce from 2516 and hold above the SSSA daily charts above 2524 will relieve LT downtrend pressures and start a ST uptrend.

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