Continued from STI Analysis -- the next peak and trough ? (116) FTSE STI closed at 3,207.39 on 26th May 2023, practically unchanged for the whole week. Magenta -- STI Positive Despite look like a rebound is coming, the EW count for this positive scenario still largely remain the same.  For case 1 in which STI is in Intermediate ((c)) of Primary wave 2, the trajectory remain on course for further downside before Primary wave 2 ends.  However, for case 2 in which STI could still be in Intermediate wave ((v)) of Primary wave 1 is still possible (lower possibility than case 1).  This case is true if the rebound for the next couple of weeks allow STI to move above peak of Intermediate wave ((iii))) -- 3,466.23 so as to complete the Primary wave 1.  Regardless which case, STI still yet to hit the bottom of Primary wave 2. Green -- STI Negative Largely expected, there shouldn't be any major movement in this scenario in term of EW count....