This week STI has been up by 46 points or 1.7%,(today no count) it hit a new yearly high yesterday at 2808.18, December historically good for stocks, I wish all readers here get some xtra money for a nice Xmas.
I'm going to take some money off the table today. STI is at its upper channel, any retracement to its support level will be hunting opportunity for bulls. The bulls seem very defensive to go down-- support lines are very strong make bears difficult to crash it. Anyway, the immediate major one support is 2733 thereabouts. To the upside, it seems plenty of rooms...
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