Trump/Kim planned meeting boost Asia .... Last seen Nov 2016

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Derek  27 Feb 2019

Good Morning,

Asian markets rise as Trump / Kim set to meet. The US only had some profit taking and no major sell offs. Even the ASX bounced on the EMA8 line.

All the US indices made doji's to confirm uncertainty at this level. I show the doji of the S&P500.

Ansys made 6 doji's in 7 days to show uncertainty at this level.

Although some analysts still give Boeing as a strong buy, notice the 2 doji's with divergence in place. A doji only shows uncertainty and needs to be confirmed with the next move.

JSE Technical:
The previous time FrontRunner broke so far above the resistance lines was last seen Novemver 2016 for Barloworld. If you have TradeFX, just zoom out to see what hapened then!

Since the turn of Discovery it has been ticking up nicely. Notice that the turn happenned in oversold territory (dark green Heat Maps) and that the trend factor did not manage to turn positive yet.

Enjoy your day.
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