The Trend is Your Friend Until It Ends

Imagine in a war, the general is running in the most front but the soldiers are just not following, something is wrong right? It's either the general is too fast or the soldiers are too slow. This is what I feel for current market.

Especially for last couple of days. The STI is fueled by few bank counters and blue chips, and many 2nd liner and 3rd liners just aren't performing and even dropping.

It's a bit too early to conclude the up trend is end by now,in order for a trend to change, it has to go in this way-- daily trend changed then weekly then monthly trend change. As for STI, the uptrend is still intact in all time frame.

The SPX, Dow and STI are hit their major resistance, and showing some bearish reversal pattern, the dollar may find its short term support and bounce off. I will watch out those support level for the 1st sign of market direction. If the support levels hold then it's just a health retracement.