Alternative Counts
The STI has two alternative counts going into next week. The more positive count is as shown above. We can see Subwaves 1 and 2 (brown) which are the subwaves of Wave 3 (red). Next week Subwave 3 (brown) should form going up. Alternatively, Wave 2 (red) has not completed and the label 2 (brown) should be label 2 (red). If that is correct, Wave 3 (red) should form next week going up. Either way the STI is forming Major Wave 5 (blue) upwards.