Uptrend Continues
My analysis on 17 April proved to be correct. The STI rejected my alternative wave count on 20 April. It continued upwards with Wave 3 (red) and reached a top yesterday. The decline today is not substantial. It is the beginning of Wave 4 which will go sideways with a slight decline down. It will then continue the uptrend with Wave 5 (red). Often the fifth wave equals the length of the first wave, If that is the case, the STI will reach a new all-time high. You can cherry-pick some stocks to ride up Wave 5 next week.