STI Updates

From the intra-day chart, it appears that STI has finished a 50% fibonacci retracement over the last 2 days

2681~2729 (48 pts)
2729 ~ 2705 (24 pts = 50% of 48)

It appears as if it is a mini degree wave 1 and 2 some larger wave. The maximum for wave 2 retracement will be 2681 because wave 2 cannot cross wave 1. My expectation is a retracement to 2700 (61.8%).

We should be expecting a mini wave 3 of some sort soon. 2740 will likely be broken in coming days if this count is true.

As usual, Caveat Emptor.