Blog

14 August 2020 – Crossroads

The STI received support at the blue band but it is now at a crossroads. One scenario is that it is forming Subwave c of a Wave abc counter-correction (not labelled). At the end of this Subwave c, the STI will resume …

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7 August 2020 – Weakness

The STI did get support from the zone shown by the blue band. However the small increments in the last few days and today’s sell-off show market weakness. It is probable that the STI will test the support band again and 

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30 July 2020 – Support?

As expected, the STI continued to drop over this holiday-shortened week. There appears to be some support as shown by the blue horizontal band in the chart. However, in the Subwave z (orange) structure, the …

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24 July 2020 – Further Down

There is nothing much to say, as we see the STI continuing downwards to complete Subwave c (brown). The earliest we can expect for a turn around would be …

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