STI in Consolidation 2800-2770

STI has been trading in the range from 2800-2770 for the past eight days, after the sharp drop. The question to ask now is: Is it a bottom yet? or just a pause before down further? My bias is to downside, as the Greece crisis is unsettled, market will remain jettery until Greece new election result come out after 17th June.

In the long term view, STI is hovering at fib 38.2% at 2769 level now. STI unable to stay above its uptrend line. Bias is to downside.