STI 15/04/2011

STI @ 3151.

STI has a diamond top formation on hourly. A break below 3146 will see some pullback.

Elliott wave wise, we are in wave 4 which could be choppy until we resume wave 5 up. Although, I do not expect STI to break 3080.

However, a breakout above might resume wave 5.

Best to your trading.

Bullseye.