STI HOLDS 2021 GAINS, 3067 KEY SUPPORT

The STI gains 32% from its pandemic lows to close 2021 at 3123.
The short term pullback since 261121 will continue till 3167 is broken to the upside.
Medium term support for further gains is the weekly pivot support at 3067

There are only 2 COMPONENTS in the STI index that are in an UPTREND.

LONG TERM UPTREND since 010321
MEDIUM TERM UPTREND since 071120
SHORT TERM PULLBACK since 261121

PIVOT 3167
Short positions below 3167 for 3067 and 2747
Long positions above 3167 for 3415 and 3641