The overnight fall in US indices will very likely be seen as a bearish sign by the market place. After all, the DOW broke below a previous low and as some analysts have seen it , a head & shoulder breakdown.
There are signs which point to an imminent reversal. For the Singapore bourse, STI will on a worst case, drop towards 3260-3270. However, a more likely downside will be closer to 3300-3320. Bottoming out process more likely in the near term. Subsequently, we could see a rebound towards 3470- 3500.
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