In last week, STI gain 13 points from the opening of 3180 and close higher at 3193. A white body candle stick with long lower shadow similar to a hanging man indicates on the weakness of the rally.

Key Economics Data report:

The Treasury market has been on a tear in recent days, beginning in earnest as Senate leaders announced a deal Wednesday to reopen the government through January and allow the Treasury to continue borrowing through February. The benchmark 10-year note yield, which falls as prices rise, is down roughly 15 basis points from its close on Tuesday, on track for its lowest closing yield since August. Strategists say yields are likely to stay in this range in the near term, in contrast to the sharp yield climb that characterized much of the summer.

Technical Analysis on STI

STI breached the critical resistance at 3179 in last week and ...