Technical rebound on the cards soon?

Whatever you call it; bear run; downtrend; capitulation. It has to go up abit in order to go down further.
Based on a suite of technical indicators used, STI looks like it's going to rebound and its about to happen very soon. It could be tomorrow, friday or even next monday itself.

For those who think there is still meat left to short the market, then consider the following counters:

1. Cosco has a gap between 1.38 and 1.35. Potentially could be closed