I’ve brought my laptop on my vacation, so I’m able to continue to blog.
In my blog last week I said that I expect Wave ii to form this week and indeed the STI has done that, although it may or may not have completed today. Nevertheless I have tentatively put in the label for Wave ii.
As stated, upon completion of Wave ii, a strong Wave iii will form upwards. It would be timely to enter the market if not done so already. Do not go all in, as there is no guarantee that my wave count is correct. But the Elliott Wave Principle analysis is clearly pointing that way.