3 June 2020

Supplement: Uptrend

This is a quick blog supplement to confirm that the STI is on an uptrend, which is rather obvious. The climb has been steep with a gap up today. This is characteristic of a third wave. The STI has risen above the top of Minor Subwave i (black), which adds to the uptrend confirmation. We should see the uptrend continuing over the next few days. When Minor Subwave iii completes there will be a corrective Minor Subwave iv, followed by a rising Minor Subwave v.

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