STI False Breakout 3088

STI had breakout from 3088 last Friday and reached 14 months high. It immediately selling off heavily on Monday, back below 3088. I consider this as a false breakout. My focus back to the range 3035-3088 again. where 3035 is Feb-Apr high this year, and 3088 is Aug and Sep resistance.

STI continue its selling off  today. It currently down by 10 points at 3066, with day low so far at 3063.78, high at 3083.  Just few points above its weekly S3 @3060. By now, the long term uptrend line (see below chart) is still holding well. Next support is 3035 if 3060 can't be hold.

STI closed at 3065.91 today. Down 10.74 points.