STI fell to an intra-day low of 2955.68, that is like a drop of 18.84% from the high of 3641.65, less than 2% from entering a bear market.  As for why a drop of 20% is a de facto definition for bear market, that is questionable as far as concern but shall not be discussed here.  However, in Elliott Wave, there is only uptrend, downtrend, motive and corrective, no concept of bull or bear market.  Nevertheless since bull & bear market is like a standard term in stock market, let see whether there is any relationship between a bear market and Elliott Wave. Bear market always happens in Elliott Wave SuperCycle corrective wave as recession always accompanies with it.  As for Cycle degree and below it is uncertain.  One certain fact is as the degree gets lower, the occurrence of bear ......