Monday's target is still on track for an a-b-c correction
Sub a: 2700 ~ 2542
Sub b: 2542 ~ 2631
Sub c: 2631 ~
.......................2522?
.......................2467?
.......................2412?
STI managed to hit 2522 today. To me, this is the most likely target because we are near the support line that stemmed from March 09.
Tomorrow might be the commencement of wave 3. STI has bounced of the multi-resistance line on 5th August at 2700, and trend along to find another path of lesser resistance to advance further.
Pivot calculations for tomorrow:
| Pivot | 2540.083 | |||
| R1 | 2558.787 | S1 | 2504.077 | |
| R2 | 2594.793 | S2 | 2485.373 | |
| R3 | 2613.497 | S3 | 2449.367 |
How much will the rise be for tomorrow? It's anyone guess.
I better go sleep soon... Tired out after my IPPT silver achievement today ;)
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