JSE:STXFIN JSE Financials Markdown or Meltdown
Following the Wyckoff logic of the markets the distribution trading range (Started in 2015) of the JSE financial index has been broken and the markdown (meltdown) has started. The upward stride has also been broken. The financial index is also performing poorer than the Top40 index. We could have a backup to the trading range with price finding support as previous support levels of 1200 / 1100. After the backup, we can expect the markdown to continue.
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