Urgh!!!! STI make up your mind!!

I have thought for some time what title to put for today's article. It has to be something that speaks my mind. Fially, I feel that this is what I feel.

STI failed to break the wedge envelop at 2,556. It shows some weakness in its attempt to move higher. As I zoom out to view a larger picture, I also notice that MACD continue to weaken throughout the wedge.

So where is it going then? There is still a possibility of uptrend due to the weekly "double bottom". However, there is a higher possibility of down trend due to (i) wedge formation; (ii) weakening of volume; (iii) MACD.

I have actually put on my own record book with direction "indeterminant", my bet however, is still downward. STI resistance @ 2,556 while support @ 2,585. At the same time, I think it is high time for me to improve on my intuition.