Again and Again
Here we go again and again. The STI is making yet another attempt at forming an impulse wave. However the Subwave i (brown) is rather short, although there is a gap up. We are now seeing Subwave ii forming. We hope that it will find support at the 61.8% retracement level, if not at the 50% level. We have to resign ourselves to waiting and watching, but with little hope as there are still underlying problems in global economies and wars rage on.