June was relatively quiet. I warned in the first week of May, a Head and Shoulders pattern was observed at the end of 5 major Elliott Waves. This would signify that our interim top has arrived.
As mentioned in the previous update, May saw STI plunging nearly 300~400 points. For the month of June, STI rebounded higher in a possible wave B, while appearing to start a renewed plunge the last few days, ending the month almost flat.