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Timonrosso

JSE Bear Market Rally before the fall to 61,403

שורט
South Africa Top 40 Index (JSE:J200)  
Timonrosso  
JSE:J200   South Africa Top 40 Index
Trend Analysis Chart Patterns Fundamental Analysis jse ALSI southafrica alsi40 jsealsi bearmarket bearmarketrally deadcatbounce
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trendanalysis chartpattern fundamental jse alsi southafrica alsi40 jsealsi bearmarket bearmarketrally deadcatbounce
It's clear that we've had the 1 year anticipated breakout.

And it's down.

Right now, we are having a slight rally which is known as a Bear Market Rally or a Dead Cat Bounce.

The price can go up a day or two but the resistance level will most likely hold. And this will cause the next down leg with the ALSI...

First target will be around 61,403
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Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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