STI Updates

STI's rising momentum seems to be slowing down... My wave count still stands at the moment:

This 5th wave has so far taken 1.5 months.

A recap of my wave count with first wave extension:
Wave 1: 3 months
Wave 2: 1 month
Wave 3: 1 month
Wave 4: 2 months
Wave 5: 1.5 months so far.... soon to end?

Within this wave 5, we have 5 waves as in my chart.

Wave (i) : 2605.1 ~ 2676.95 (71.85)
Wave (ii) : 2676.95 ~ 2616.49
Wave (iii) : 2616.49 ~ 2803.85 (187.36) ===> 2.618 times of wave (i)
Wave (iv) : 2803.85 ~ 2729.43 ===> 38.2% retracement of wave (iii)
Wave (v) : ???

Wave (v) will not be equal to wave (i) now. The next probable targets would be
1.618: 2845.68
2.000: 2873.13
2.618: 2917.53 equals to wave (iii)??? ===> a bit weird.


Have to see how it goes... The CCI is at a high, MFI at a downtrend resistance, Stochastics are crossing...

STI might have some further uptrend, but it will likely be capped in this final wave. As we move on, the penny fever could get larger, the Bollinger Band slightly tighter, and the general masses starting to buy in larger amounts... That could be the signal of turn.