Continued from STI Analysis -- the next peak and trough ? (114)
FTSE STI closed at 3,212.64 for the week ended 24th Mar 2023.
Magenta -- STI Positive
After hitting an intra-day low of 3,094.28, STI rebounded for the week. The rebound looks strongly like the B wave of the zigzag for either Intermediate wave ((a)) or Intermediate wave ((c)) of Primary wave 2 for the positive scenario. As such, obviously the rebound shall be capped and upside limited going forward. With next week being the last week for 1Q 2023, quarterly window dressing from funds should have no problem pushing the index up. Thereafter, the trajectory should continue on the downside for this scenario.
Green -- STI Negative
As usual, the negative scenario still largely intact and yet to be invalidated in which STI is in Primary wave A of Cycle wave (C) of SuperCycle wave ((C)).
Above is the overall wave count for both the positive and negative scenario in the SuperCycle, Cycle and Primary degree perspective.
Tiger Brokers Singapore Invitation Code
Singapore Covid-19
主将无能垮三军
左士缺策只砸钱
右士辱人自被辱
左象无计只会泣
右象理人理出祸
左马略识色不分
右马讲据终慢拍
小卒仗权乱闹事
大敌当前夸本领
火烧眉头方才悟
城门紧闭称闭窗
高傲自大多借口
知错不认真懦夫
领导者最佳战友
为何小红点缺乏
是否无勇气拥有
是否缺远见拥有
是否不知怎拥有
还是不想去拥有
