5 April 2019

Losing Momentum

The STI continued to rise, but appears to be losing momentum. This signifies that we could see the corrective Wave ii forming next week. I have tentatively put in the label for Wave i, but of course it could go up some more.

Set up your watch list to prepare for making your moves when Wave ii forms and ends. A corrective wave would have three subwaves, so that would help in spotting the Wave ii bottom.

I am going on a vacation from 10 April to 21 April and will be unable to write my blog. It is regrettable that I shall be away when things are starting to get exciting!

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