Wave iv Forms
Subwave iii (brown) has completed, as shown, and Subwave iv is forming. As Subwave iv is a corrective wave, we should see three minor waves. So we should expect that the STI will fall somewhat next week, before recovering to form Subwave v.
There is still the possibility that the whole current structure is a corrective and not impulse wave as it is still within the big corrective channel shown by the blue parallel lines. We shall see.