First signs of correction stalling .... Indices in oversold territory

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Derek  10 May 2019

Good Morning,

Although the U.S. still closed negatively, all markets in the East are positive this morning as tariff-hike deadline nears.

The first signs of a turn is usually a candle. The S&P500 made a doji and then a small body long leg candle yesterday. My simple rule of yesterday has not been met yet.

The Hang Seng made a positive candle inside the previous bearish candle in oversold territory. Notice that FrontRunner is starting to break up.

The correction of Apple started with a doji and is making a doji again on my long term trend line.

JSE Technical:
The JSE just followed world markets lower. Notice how the SATRIX40 closed on my long term trend line in oversold territory!

You must have a great weekend.
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