STI Bounced at 2700 Support Level

STI hit as low as 2698.9 yesterday-- its lowest since the beginning of this year, thus giving back ALL its gain this year. yes it has dropped for about 330 points from its peak this year at 3030. Well.... it reminds me the great saying: whatever goes up must come down.

STI at 2700 major support level now, the next major support is 2650. Below chart shows a clear picture. At this juncture, I expect market will have a rebounce--technically.