Continued from STI Analysis -- the next peak and trough ? (121)
FTSE STI closed 3,170.76 on 27th Dec 2023
Magenta -- STI Positive
STI experienced an upturn since early December 2023.  However, don't get too carried away as this pretty much the anti direction of the Intermediate wave ((c)) of Primary wave 2 in the STI positive scenario.  The year end window dressing and probably the Capricorn effect might continue to drive STI up in the next few weeks.
Green -- STI Negative
There isn't much change for the STI Negative scenario, STI still in Intermediate wave ((c)) of Primary wave A or Cycle wave (C) of SuperCycle wave ((C)).  While for the STI Positive scenario, the downside might be pretty much limited and shorter duration to reach, this is not the case for the STI Negative scenario.  There is much more...