STI SunTrust

There's something about today's trading action that doesn't look right in STI.

First an intraday break of support on increasing volume.

3C distribution into a false breakout attempt and heavy subsequent distribution.

I'm ok with the short trade here and now, despite the possibility of an oversold bounce. It's on the new Trades list and the stop is at the red trendline. See the trade list for further details.