Blog

23 October 2020 – Uptrend Continues

Minor Subwave iv (black) has ended and today Minor Subwave v (black) has begun. If the wave count is correct, we should expect to see Minor Subwave v rising above the top of Minor Subwave iii. But progress …

Read More

16 October 2020 – Uptrend

It appears that the threat of a Head and Shoulders formation has disappeared. The wave structure since the recent bottom on 24 Sep (labeled y in brown) shows an uptrend, with minor subwaves i, ii, iii, and iv (black) 

Read More …

9 October 2020 – Escape?

This week the STI crept slowly up, with higher highs every day and higher lows except for one day. However the increments were small. Has the STI escaped from the pull of the potential Head and Shoulders structure? There is …

Read More

2 October 2020 – Resilience

Despite the breaking news of President Trump and his wife having tested positive for COVID-19, the STI showed some resilience by keeping just above the neckline. However the drop in US markets due to the uncertainty …

Read More