Market Going Nowhere

I don't have much to say at this moment...market has been trading sideway for the past five days. And seems it will continue go nowhere for today...

Below I quote the morning market commentary:

" The STI continues to remain in a sideways consolidation around the 2,916 support level. Yesterday’s close however did give us a bearish engulfing. It might be the STI telegraphing the intention to test the 2,916 to 2,900 support region again. Price action in the ongoing consolidation seems to lean towards distribution rather than accumulation and last week’s close was clearly bearish as well, so there in lies our bias. We note that the consolidation has drifted past the intermediate term uptrend line as well. Support remains unchanged, 2,916 and 2,900. Resistance has shifted down to 2,934/38, then 2,950."