Indecision still order of the day .... Bear market rally?

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Derek  6 Mar 2019

Good Morning,

With the DOW just below the EMA8 line and the NASDAQ and S&P500 just above, indecision on the way forward is still the order of the day.

Although the HangSeng is positive this morning, it is also doing so with a small body candle to show indecision.

I have to resolve a technical problem and cannot show any US shares. Some analysts say that the recent gains were just a bear market rally? We will have to wait and see if this is true?

JSE Technical:
After being in overbought territory, Bidvest started a correction and broke the EMA8 line.

Sanlam also started its correction in overbought territory and is now back at the 200 day moving average that acted as support previously.

Enjoy your day.
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