More signs of a turn? .... Sequence of events for turn

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Derek  11 Dec 2018

Good Morning,

International:
My simple system for the sequence of events for a turn is:
1 A candle must alert you in oversold territory and if on a support, even better.
2 The candle need to be confirmed by the next day's move.
3 With the confirmation of the candle one would like to see a FrontRunner break and green MACD bar.
4 Trend line and EMA8 lines get broken.

We have long leg doji's for the DOW and the S&P500 at support. The S&P500 has all the makings of a tripple bottom if the supports holds. Item 1 of my sequence for a turn is in place.



The DOW looks the same as the S&P500.



Look at the long leg doji of American Express.



A long doji for Berkshire Hathaway on support too.



JSE Technical:
None of these signs were visible in the JSE yet.

Lets look at the Satrix 40. The only sign here is that we are on support again.



It would be nice to see some positive moves for a change. Lets see if step 2 of my sequence of events materialises.

Enjoy your day.
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