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

    All Channels      Market Reviews  

Derek  10 May 2019

Good Morning,

International:
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.
Download TradeFX™
 

Copyright © 2017 {Zoclee}™. All rights reserved.