Trend : Sideway

The election rally that started a couple of weeks ago is now losing strength and momentum. STI likely to be aimless for this week, until 7 May, election day. A potential trend reversal to the downside may occur. A violation below the 3150 support is the signal. With a sideway market and a potential bear at the sideline, intermediate traders may like use this  week to reduce their positions. Short term  traders may like to stay sideline until the market direction is clearer.