Deep Dive
The STI went down its correction this past week. It could find support at around 4264 as shown by the dotted line. If not, there are a couple of Fibonnaci retracement levels that could halt the slide: the 38.2% and 61.8% levels, or maybe the 50% level which is not shown in the chart. After that a new impulse wave should form. As stated last week, the anticipated US Fed rate cuts should boost markets back up. Keeping my fingers crossed.