Small movements at current levels .... JSE Election Flu

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Derek  30 Apr 2019

Good Morning,

International:
We have small moves at current levels as U.S.-China trade talks resume.

The S&P500 made a small body candle just above the break line to show uncertainty at this level.



The ASX could not break its top resistance and is currently just above the EMA8 line. I zoomed out a lot to show the previous top.



The Banking Sector performed well and Bank of America lifted off the launching platform it was building for 9 days.



After its latest correction, Xerox bounced on first support with a morning star candle formation. It still closed below the EMA8 line.



JSE Technical:
I think the JSE has election flu now as most shares just corrected yesterday.

After divergence at the top, the Resource Sector has only been correcting. Notice that we are in oversold territory.



The Financial Sector did lift its head slightly, but nothing to get excited about.



The next review will only be on Thurday due to the public holiday.
Enjoy your day.
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