Downtrend
The STI continued downwards over the week. I expect that this will continue next week. However, the structure shown in Diagram C of my 23 Nov blog is still a possibility. This will be the case if the STI reverses strongly upwards before reaching the bottom of Subwave b (brown) at 3068.83 and continues much further upwards. World markets will be boosted if Phase One of the US-China trade deal could be finalised in mid-December. Then there will be a “Santa Claus rally”.