This week the STI plunged, proving that it is still very much in correction. In fact it has gone sideways after recovering somewhat from the bottom on 23 March 2020. The wave count has been corrected. Although the chart has Subwave c (black) labelled, this is tentative and merely meant to show the revised wave count. Subwave c is likely to plunge further as we head into the US elections next week with a strong possibility of chaos and uncertainty in world markets.