STI at 61.8% Fibo Long Term Support

In the longer time frame( from Mar 2009 low to Dec 2010 high), i.e the rebounce after 2008 financial crisis. STI has retraced down to 61.8% fibonacci retracement level at 2600(support) last week, and rebounded upside. the 50% fib support at 2382 is the key support area.

So in longer time frame, STI is still in a healthy uptrend retracement mode. It reminds me do NOT get too bearish. To the upside I'm watching 2730 as resistance, and 2600 to the downside as support.