First signs of US resistance?

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Derek  21 Sep 2017


Very small movements in the US with 3 doji's in a row are the first signs that we are becoming very overbought in the US. The East is positive with only Australia down.

I show the S&P500 and notice the 3 doji's. (Uncertainty at this level)

After a very strong move, Bank of America is also showing signs of overbought against resistance.

JSE Technical:
I showed before that Imperial Holdings corrected back to its support. It has now broken this correction trend line and FrontRunner broke up. I showed Barloworld's graph 2 days agao and it looks exactly like Imperial's graph.

PSG has corrected a lot and is also breaking a trend line. Notice the divergence on the graph! Remgro looks the same.

Enjoy your day.
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