Straits Times Index running the risk of downtrend formation

Last week, the Straits Times Index failed to maintain its bullishness and went tumbling down after concerns from the Italian election deadlock on Tuesday. Market participants used the opportunity to take profit off the market which caused STI to slide below 3280 level. Its recent low around 3260 level was also being tested and broken slightly. However, STI was quick to recover as bargain hunters still believed that the market is still bullish with further upside room. STI recovered at the end of the week but it faced its support turned resistance level of 3280 level and did not managed to break it.  Eventually, STI ended at 3269 level with 18.63pts down for the week. Last Friday night, DJI was able trade higher with 35.17pts. Will STI be able to recover higher than 3280 level this week? Or ...