With reference to Market Analysis dated 16th Jun 11, FTSE STI closed 3,020.13 about there on the lower boundary of the triangle formation.
The next few trading sessions will be critical to determine whether STI could rebound from the lower boundary and still remain within the triangle formation or drop out of it resulting in more breakdown.
On the global events, Greece's debt still weigh on investors as to whether will they default or get the second bailout. Economic data continue to be weak and mixed.
