Is this peak for STI in June? Indicators hint yes. Period

1. GMMA just turned down
2. Stochastics just did a cross over
3. MACD starts to show the first glimpse of negative divergence
4. Ichimoku indicators turned down.
5. Bearish engulfing candle at friday's closing

But but but - incredulously low volume for (5). This means some joker was manipulating it. Retailers who are still holding have yet to dump their shares or staying on the sidelines. Low volume suggests that one should be prudent by waiting a confirmation on monday.

Momoeagle & Holy have also posted their 2 cents worth. Momo uses fibo levels to gauge the possible peak and hypothesize the Elliot Wave count. Holy on the other hand, uses moving averages to gauge STI's next movement. Interesting reads as usual. What's more important is that all of us are bearish. I guess that pretty much sums up everything heh heh ;)

Do take note that weekly chart seems to suggest STI has room for more upside... but thats a story for another day.