The shoulder I was talking about was on the broad market TSV-V not SGX itself. Typically TA is only 100% accurate when looking backwards. There's no way of confirming 100% a shoulder or any other event until after the fact. Indicators however can give you a good idea... but based on historic market bottoms the exchange will retrace ... the BIG question is how much.

Even if the market forms a shoulder and/or retests the bottom, positive momentum can carry SGX in the oppsite direction. Having said that it will take stellar news and huge volume (at least 2-3 times today's IMO) to get past the barrier at .095 / .10. I'm not sure that general market sentiment is ready for that yet ... but who knows.