Where is STI's major support in this sell down?

The US market have the 2nd major sell-off within 2 months and STI is not spared. 
Are we turning bearish? or is it an opportunity to pick up the good stocks (eg banks)?

I am watching out for STI's major support at 3340.  Should our market tested this level and start to rebound from here, then we could be in a "correction" rather than a "bear" mode.

Should STI breach 3340 and did not rebound above it within 2 days, then we need to err on the bearish side, until we see a noticeable change in the overall trend.

STI's support is now at 3340

YZJ head & Shoulders target hit

On 9 Feb 2017, I noticed that YZJ has formed a bearish H&S pattern.  However the ideal opportunity to short this counter came only on 27 Feb when it broke down from the neckline and then rally back up to test this neckline before failing the next day.   From there (about 1.50), it was a 30cts (20%)move towards the H&S target at 1.20 which was hit on 25 March.

In theory, this trade worked out as expected though in actual, it is not easy to sit through ont the way down as it took almost a month with some minor rallies in between. 



YZJ