Straits Time projections

After Dow Jones dropped 274.88 points (2.22%) on Friday night due to bad data throughout US (kind of expected it to fall but didn't gamble on gut feelings), what can we expect from STI on Monday?

STI do have a support at around 2700 level which I expect it to gap down to that level on Monday.
I believe any rebound will a be short on most counters (even intraday; but shall see how market reacts & if China is able to hold us up).

STI broke the trend line support which is supposed to be strong (that's why it consolidate at the region).
And we can see a bear pennant is formed with projection target of 2560.
Before it can go there, there is a good support around 2600 - 2640 (Fibo 78.6%).

My advice is do not catch a falling knife as of now.
And do make sure you are able to cut loss fast - if you do not have a plan to avg it out in the first place.