Continued from STI Analysis -- the next peak and trough ? (105) FTSE STI closed at 3,111.65 for the week ended 24th Jun 2022 after hitting a peak of 3,466.23 on 17th Feb 2022. Magenta -- STI Positive In previous analysis was said STI in this positive wave count in undergoing Primary wave 2, a deep correction typically.  From the above chart and looking at the index movement since the top at 3,456.09 on 29th Mar 2022 (end of Primary wave 1), it appears a little 5 wave in the Minor degree could be completed and that shall become the Intermediate ((a)) of the Primary wave 2.  A rebound in the coming weeks should confirm that.  Should a rebound occur, don't be happy, worst is not over as the last wave down Intermediate wave ((c)) still need to be completed for Primary wave 2 to end.  The possible destination for Primary wave 2 as mentioned in previous analysis is between 2,475 to 2,832....