In last week, STI recover 19 points from the opening of 3029 and close higher at 3048. A thin white body candle stick with short upper/lower shadow similar to a Doji indicates that the selling pressure has eased.

Key Economics Data report:

August’s mediocre employment report is not expected to deter the Federal Reserve from taking the first step toward slowing its bond purchases in September. But the Fed may cut back the $85-billion-a-month bond-buying program more slowly, with a smaller initial cut, than it might otherwise have made. Treasurys rallied, driving yields lower, stocks initially rose before selling off on Syria concerns, and the dollar slumped on the report of August’s 169,000 nonfarm payrolls and lower 7.3 percent unemployment rate.

Technical Analysis on STI

STI re-test the resistance at 3069 in last week but failed to break out.

1) In weekly chart, a short white candle stick with short ...