STI potential for upsides limited with rising wedge The index has been bullish for 6 consecutive weeks but has slowed down since last Tuesday. Moving forward, my expectations for a correction is likely to increase however that does not mean that STI will begin its descent immediately. We are in uncertain times, to say the least and the US indexes did close higher on Friday with GSPC hitting all-time highs of over 4000. In the coming weeks, we should be expecting more news on companies adjusting since the job support scheme has officially stopped or has changed from 1 April. Shifting from direct support to loans, some companies might reassess their circumstance with the state of the economy to see if further adjustments have to be made to sustain for the long run. However, we are noticing that there is a generally positive outlook for STI for the time being...