Does Yesterday's Up Change Everything?

The STI stopped its dramatical drop and reversed up yesterday, driven by the news of EU set up the rescue fund to protect the EUR. Does this change everything? Maybe or may not.But One thing we can do is to prepare. and Mr. market will tell us where he heading to.

STI back to its overhead resistance level at 2888. If it were continue go up today, then next level is 2945, a break above the downtrend line(red color) will give us clearer sign of bulls. On the other hand, if it stopped at 2888 or 2945 and reverse down again, we are looking for the long term trend line for support( green color line below), around 2790.