By now it should not be in doubt that global markets are in a state of correction.  From Elliott wave perspective correction is not just an opportunity to bargain hunt or accumulate but also a state whereby possibilities could be eliminated or firmed up based on wave count rules.  The present STI correction is an opportunity to re-examine all the possible wave counts in the past to determine their validity.

STI-0
This is the case whereby 2955.68 is considered Primary wave 2 of Cycle wave 3 of the SuperCycle wave 3.  With the latest development of STI hitting 3415.18 before correction and a low of 3253.88 was achieved so far, this has resulted in the Elliott wave calculation of the various degrees to be as shown.