STI can start to see more strength now towards the 3500 if it can manage above 3450 – 3460 support level. Clearing above as we have seen today can be a positive as it pushes higher to find a new high. Note that 3460 was also the resistance formed in May 2013 before it dipped all the way down and recovered back. More buyers might start to come in to take banks and blue chips higher again on this if it can maintain above over the next few days. Longer term 100 and 200 day MA line still sloping upwards strongly. Next resistance at 3500 for now.
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