22 March 2019

More Weakness

The STI drifted sideways this past week. The structure looks like a three-wave correction in progress, as shown by Minor Subwave abc (orange) in the chart. Hopefully the end of Minor Subwave abc (orange) will be the end of Subwave z (red), to mark the end of the huge correction that started on 24 Jan 2018 (labelled B in blue). But there is no guarantee that the correction will not be a compound correction wave that will make the STI dive down deeply.

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