STI Middle Term Trend Still Down

STI has been rebounding up for the past two days, for 60 points. It's definitely a relief for bulls. But do take note for the longer time frame( Since 2011 begining), STI is still in a down trend. It's approaching its major resistance 3150(down trend line).

I would like to see the market has a "healthy" pull back before it continue run up, IF it were going up.