Strong Uptrend
The STI surged upwards this past week, forming Minor Subwave iii (black) with a gap up. When it finishes Minor Subwaves iv and v, it would have completed Subwave iii (brown). A corrective Subwave iv will follow and then an upward Subwave v, with the potential to reach 3400. Global markets will be energised by the expected US rate cuts next year. Happy New Year to all!