Subwave 5 Ascending
As expected, after Subwave 4 completed, we have Subwave 5 (brown) now ascending. The strong performance of the STI is in line with world markets and reflects the better-than-expected Singapore economic growth in Q2. The completion of Subwave 5 will be the completion of Wave 3 (red). We will then have Wave 4 (red) forming, which should be moving sideways.