Still Not Bottom?
The STI dropped further over this week. It rose strongly today, especially in the late afternoon. So the big question is: Has the STI bottomed out? If my wave count is correct, the STI has completed the five minor subwaves (in black) of Subwave iii (brown) and is forming Subwave iv (brown) upwards. This will lead to the final Subwave v (brown) going downwards to the true bottom. But of course I may be wrong. We shall see next week.