Double top for S&P500? .... NASPERS data adjustment

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Derek  23 Sep 2019

Good Morning,

International:
The S&P500 made a double top with divergence and then started following FrontRunner downwards.



The Nikkei made 3 red candles while FrontRunner is moving downwards and the MACD is making red bars. Notice the long upper shadow of the second last candle.



Apple broke the EMA8 line downwards and is correcting with FrontRunner.



There are so many shares correcting that it is difficult to decide what to show. I am showing Caterpillar to draw your attention to when FrontRunner broke down in overbought territory. When signals are combined with the HeatMaps, you get more accurate results .... decide for yourself.



One more. See how JPMorgan Chase is struggling in overbought territory to break resistance while FrontRunner shows the correction path.




JSE Technical:
The Rand weakened and that started boosting the Resource Sector on the JSE.



Impala Platinum used the weaker Rand to break top resistance. Notice the high volume.



In contrast, the weaker Rand is not good for the Financial Sector.



NASPERS DATA
We reduced the historic values of NASPERS according to the capital amount used for Prosus. To get the new data, just right click on the share name in the table and choose "Reload Data". The result should look like this:



Enjoy your day.
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