Uptrend Continues
The STI is continuing its uptrend. It has formed Waves 1 and 2 (red) and is forming Wave 3 (red). These waves are component waves of Major Wave 5 (blue) which promises to rise up substantially. As a matter of interest, the STI reached an all-time high on 19 February 2025 with an intraday peak of 3,949.65 and a record close of 3,934.04. The previous record was on 11 October 2007, with a close of 3,875.77. There appears to be still a lot of life in the STI in the coming weeks.