STI Momentum Update

STI was selling off in the afternoon and ended with 42 points down at 2832.

The levels I'm looking for support are:

S1: 2824
S2: 2800
if it closed below 2800, I guess more downside to come, it may go down to test recent low 2720. Otherwise it may continue its rebounce towards 2900.

STI momentum for Monday and today: 49, 49. it indicates market is still extremely weak, and any time of rebounce is possible.