The bearish retracement actions continue to set in the market yesterday. Profit takers were seen during the day as many speculated that the June holiday coupled with the World Cup screening will affect the participation rate of the market. STI opened flat but it soon faced selling pressure as many were rushing to exit the market. STI only managed to hit a high of 3298 level before it started to trade downwards. The bearish strength was strong and it caused STI to hit a low of 3273 level. However, before the market closes, STI managed to rebound and close at 3280.17 level. 16.5pts was lost in yesterday’s market action. Last night, DJI recovered 15.19pts. Will STI also be able to recover its lost grounds today? Or will STI continue to seek a lower level to test today?

...