Supplement: Better Count
The STI jumped up sharply today with another gap up. With reference to my blog yesterday, it is clear that the second alternative wave count is the correct count. Given the strong ascent I would expect the STI to continue to ascend over the next few days. In this Wave 3 (red), Subwaves i and ii (not labelled) have been formed. The STI is in a third wave of a third wave, which could rise up to 3400 or higher, before topping and forming Wave 4 (red).