Sideways
The Minor Subwave iii (black) stopped slightly short of the 161.8% extension relative to Minor Subwave i (black). It should be noted that the relative heights (amplitudes) of waves and subwaves adjacent to each other are measured by Fibonacci ratios, which arise from their fractal nature. The ratios are useful indicators of the level at which waves could top out.
Anyway, this week the STI formed Minor Subwaves iv and v. The end of Minor Subwave v (black) is the end of Subwave iii (red). Next week we should see the STI continuing sideways somewhat, forming Subwave iv (red). Then Subwave v (red) will follow, going up. The end of Subwave v (red) will mark the end of Wave 5 (red).