FrontRunner's prediction was correct again .... EMA8 breaks

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Derek  24 Oct 2018

Good Morning,

International:
The FrontRunner warning of a new low coming was correct again. Lets look at the chart of the DOW. First the warning that the low has not been reached. Now we have reached the new low with divergence in place. We need a positive move now to confirm the divergence that this was the real bottom. Trend and EMA8 line breaks must also follow.



The HangSeng has touched support now 7 times in the last 9 days. Also with divergence in place.



Boeing is making a long legged doji on the 200 day moving average. Also showing uncertainty about current trend.



JSE Technical:
All eyes will be on the budget speech today.

Most of the shares are just hanging below the EMA8 line. (Orange) Notice how many times Sanlam tried to break it only to close below it again.



To be on the safe side, one must wait for the EMA8 line and trend line breaks.

Enjoy your day.
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