30 January 2026

STI Topping?

The STI is showing signs of weakening, which means it is near the end of Subwave v (red). The collapse may turn out to be large as the STI has risen substantially since April 2020. Looking back there appears to be support around 3900 to 4000. I do not mean that the index will suddenly drop to 4000, but it could progressively occur over the next few months. Be prepared.