Friday Indicator

It's a terrified week. STI has dropped 168 points or 5.7% in two weeks time( until Thursday). The two red candlesticks indicate the selling is very strong.

Today is the last trading day of the week, how it close will tell me market is bearish or bullish for coming week.

50%: 2860
61.8%: 2851

A close below 2860 indicate bearish momentum. Meanwhile, the mid term major support level is at 2770-2780 for immediate support.