In Correction
The STI has dropped, retracing about 38.2% from the top of Subwave i (red). 38.2% is a Fibonacci ratio, so there is a probability that the STI could rebound from here. However the most common retracement from a wave i is 61.8% which is at 3083.71.
It is best to stay on the sidelines and not try to predict a bottom.