Topping
The STI is about to complete or may have completed Subwave 5 (brown). When Subwave 5 tops, which means Wave 1 (red) tops, Wave 2 (red) will form. Watch the STI closely next week and be prepared to take quick action as Wave 2 is likely to plunge sharply. After that the STI will recover to form Wave 3 (red) upwards.
(Note: It is perhaps timely to repeat what I stated before as to why I do not publish Elliott Wave Analysis of any particular stock. Newer readers would have missed my previous note which was some time ago. The reason is that I invest in the share market and publishing my stock analysis could be seen to be a conflict of interest. My analysis of the STI would guide readers on stock trends. It is said that a rising tide lifts all boats and vice versa. The analysis of the STI could also help readers to understand the Elliott Wave Principle so that they can do their own analysis. I would recommend interested readers to look at the website of Elliott Wave International (https://www.elliottwave.com/) to learn more. (I do not derive any financial or other gain from my recommendation.)