STI delimma

I have been reading some of the forumers contribution these few days on the market.Basically what I see is same old same old all the time, people predicting up, people predicting down, people asking why like that?

My last up-date on STI indicate a possible false break on STI and it is a show of weakness. Ever since then its weakness continue to show. It is clinching onto the trendline support/resistance the last few days, just when it looks like STI going to make it, it retreated today. So what has been happening.



Fig 1 STI daily chart

Apparently STI is in a process of forming a triangle and it is edging towards the upper resistance line. The breakout point is 2657,STI tested and retreated, seems to me it has not enough momentum just yet.