Optimism
The STI is showing some optimism, although it is still weighed down by uncertainty. Minor Subwave iv (black) is forming or might have completed. This will be followed by Minor Subwave v (black) which will complete Subwave iii (red). Watch out for Minor Subwave v (black) to rise above the top of Subwave i (red) to affirm the wave count. This should give us confidence to get back into the market to ride the further advancement of Subwave iii (red), followed by Subwave v (red) after some correction by Subwave iv (red). Then it should be a good start to a Happy New Year!