Danger
The STI is struggling to get back into the diagonal again. It is likely to fail and the sideways movement these few days is the beginning of Wave 2 (red). Next week we shall see Wave 2 declining drastically. As stated previously, Wave 2 is likely to drop to around 3160. It is time to get out of stocks, if not done already. It won’t be a straight line drop as there will be bear market rallies along the way.