Market is Topping Tailed

The STI ran up to as high as 3116.24 (just 10 points beneath its major resistance 3126) and was selling-off in the afternoon yesterday. Since its on the all-time high side and the blue chips are really performing that much, especially the banks are really very weak. Market is difficult to move higher without the participation of the banks, though its uptrend is still well intact.Be careful of chasing stocks already rallied a lot.

The major support for STI is 3020, and resistance is 3126 for now.