Straits Times Approaching 2900 Resistance

STI opened gap up this morning and continue went up to as high as 2917.59 then selling off a bit to 2883 now(12.13pm), slightly down 8.7 as compare to yesterday close.

STI is at an importance resistance level 2900 (point (1) in below chart)now, after three weeks consecutive run up, for a gain of 230 points. It should be pull back or at least consolidate for a while if it were continue go up to point (2). The middle point between year 2010 and 2011 closing price is at 2918, which is an inch higher than today's high 2917.59, amazing isn't it?