The STI chart looks ugly. The market looks like it is poised for a breakdown but today, the market will rebound as it's reaching near that previous demand zone again. I am not sure if the rebound is sustainable but I shall judge it later. If I am right, after it gap up at opening later, some sellers will look to cut their losses if they longed yesterday and then it shall be a range in the minute chart. Let's see.
Ronald K - Market Psychologist - A Stock Market Opportunist