Concern
The STI continued with its long sideways movement. As it has formed a new bottom this week, the label for Subwave ii (red) has been moved, If the STI falls below the current end of Wave 4 (red) at 3023.95, then the label for Wave 4 will have to be moved. The waves of COVID Delta variant sweeping round the globe with consequential impact on economies and companies is causing great concern to investors.