In last week, STI rally 72 points from the opening of 3048 and close higher at 3120. A white body candle stick with short upper shadow indicates on the slight profit taking on the rally.
Key Economics Data report:
U.S. stocks rose on Friday, with the Dow industrials posting their best week since January, as worries about Syria ebbed and as investors looked to next week’s monetary-policy decision by the Federal Reserve. “People are starting to set up for the Fed meeting. I don’t think there is big demand for Syrian protection this weekend,” said JJ Kinahan, chief strategist at TD Ameritrade, of next week’s Federal Open Market Committee gathering and expectations that little would occur in the next two days to change the current discussions to bring Syria’s chemical weapons under international control.
Technical Analysis on STI
STI broke the critical resistance at 3069 in last week but …
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