Continued from STI Analysis -- the next peak and trough ? (105)
FTSE STI closed at 3,111.65 for the week ended 24th Jun 2022 after hitting a peak of 3,466.23 on 17th Feb 2022.
Magenta -- STI Positive
In previous analysis was said STI in this positive wave count in undergoing Primary wave 2, a deep correction typically. From the above chart and looking at the index movement since the top at 3,456.09 on 29th Mar 2022 (end of Primary wave 1), it appears a little 5 wave in the Minor degree could be completed and that shall become the Intermediate ((a)) of the Primary wave 2. A rebound in the coming weeks should confirm that. Should a rebound occur, don't be happy, worst is not over as the last wave down Intermediate wave ((c)) still need to be completed for Primary wave 2 to end. The possible destination for Primary wave 2 as mentioned in previous analysis is between 2,475 to 2,832.
STI Negative -- Green / STI Negative -- Orange
The Negative wave count is a silent killer and believe majority of the people will think the correct wave count is the Positive scenario in which STI is in Primary wave 2 and the downside won't get worse than March 2020 low of 2,208.42. The above illustrate a trajectory for this Negative scenario (STI Negative -- Green). The appear Minor degree 5 wave down at the moment shall be the Intermediate wave ((a)) of Primary wave A of Cycle wave (C) of the SuperCycle ((C)). It will have more downside to come before hitting the bottom. This also where majority of the investors will be trapped firstly in Intermediate wave ((b)) (coming weeks) and then next Primary wave B
Above is the overall picture of the wave count for both the Positive and Negative scenario.
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
