Choppy session in US .... Lots of doji's

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Derek  18 Oct 2018

Good Morning,

The US had quite a choppy session and ended slightly lower after the Fed minutes.

It is seldom that you see so much uncertainty in the market. Are we moving bullish or was the bounce only leg b of an abc correction?

See the doji of the DOW just below the EMA8 line showing this uncertainty.

See the doji of the FTSE 100 also just below the EMA8 line.

And the S&P500?

NETFLIX created a gap, but also closed closer to the low of the day due to the uncertainty.

JSE Technical:
All this uncertain also occurred on the JSE and took the banking sector down again for the day.

Bidcorp is one of the shares that is trying to break out of its negative trend.

Lets see what happens after all the doji's today?
Enjoy your day.
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