Derek 29 Nov 2018Good Morning, International: The FED chairman, Jeromy Powell, hinted at a slower pace of interest rate increases and that blasted the US indices through all resistances. The DOW had a breakaway gap to blast through the EMA8 and resistance lines. ![]() All the engines at Boeing ignited to also send it through resistance with a breakaway gap. Take note where the FrontRunner break was. ![]() Amazon was one of the big gainers. It now broke both my resistance trend lines. I also show how divergence accurately showed the bottom. Notice where the FrontRunner break and MACD green bar were. ![]() JP Morgan broke it's flag. ![]() JSE Technical: Billiton and Anglo did the classical abc correction. See how Billiton is in oversold territory and the first signs of turning are showing. ![]() Clicks is still hesitating just above it's 200 day moving average after breaking it's flag. ![]() You can click on any of the blue colour words to watch a short YouTube video explanation. I can recommend the gap one as so many shares made gaps in the US. Enjoy your day |
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