The Singapore Straits Time Index (STI) made a modest climb last Friday (16 Sep 2016), closing 0.78% higher at 2,827.45. Singapore stocks have been consolidating, neither in a bullish mode or a bearish mode though the hints of Federal Reserves delaying its interest rate hikes seems to be welcome by the stocks markets. However, as it is now, investors must take note of the US Federal Reserves Open Market Committee as an interest rate hike decision announced at the meeting will shape the stocks markets.Looking at the STI technical charts, we can see that the resistance of the STI is 2,960 for which the index has made a double top. The support is 2,800, a level which the STI is flirting with at some times and this happens to be where the 200-days-moving average is. I think there will be some downside to the Singapore stocks markets ......