Friday Indicator

STI facing immediate upside resistance at 3072 level, it rebounded all the way up to this level from Thursday's selling off then was selling off down again, closed at 3056.37.  The major support level is 3000 if it were to retrace back. US market retreated last night after two weeks up without any retracement. DJI dropped 110 points to closed at 13057, SPX down 11 points at 1402--its biggest drop in the month. This will add some downside pressure to STI.

Friday indicator for today:

61.8%: 3059
50%: 3054
38.2%: 3049