U.S. stocks fell the most in a month as a Kansas bank's failure and speculation American International Group Inc. will post a loss heightened concern that credit writedowns will keep rattling the financial system
For STI, technically, there is no sign of a trend reversal from the downtrend in near term. In ADX, DI- is widely space above DI+. With DI- looks like cutting down and ADX line moving up, STI might be bottoming up around the 2700 level. MACD still in negative region and no sign of convergence detected. RSI and Stochastic still unable to move up above the 30% and 20% level respectively indicating the market lack strength for rebound.
Today, STI look set to break 2700 psychological support level.
God bless STI!
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