The STI has formed Subwave iii (brown) and has been forming Subwave iv (brown) these two days. If not completed already, it will complete early next week as it is a minor correction. Then Subwave v (brown) will form upwards. These five brown subwaves are really minor subwaves of Subwave i (red) of Wave 3 (red).
It will become clear when I publish the chart next week. Suffice to say that the STI is in for a sustained uptrend over the next few weeks.