Market having been moving up for the past few days and breaking records. But after the comments by Alan Greenspan on China market and the pressure from the market, people start to their profit taking in case market start to move down, and that may strike the next round of correction (which many are waiting).This morning, STI move down all the way to its support level at around 3480 (20d EMA), breaking down from the triangle. It is currently hovering around 3480~3490, if it fall below the support level, correction may be here, but if it rebounce, then it is safe for the time being but the pressure is still there.
Just trade with care.
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