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J200 trade ideas

JSE Top 40 SpotIndices | JSE Top 40 Index: “When in doubt in, zoom out” and that’s what I did. Since markets have been trading in a fairly choppy manner, I thought we’d take a look at the weekly chart to provide a bigger picture perspective of where things stand. Upon review, it makes sense to have studied the prior price setup which took place during the week of 25 September 2018 where we saw a breakdown of the long term trend line subsequent to a large bearish candle.
JSE:J200
by LD_Perspectives
7 Nov 2019 - JSE ALSI 40 - Long - W Formation FEEL PRIDEThere are many aspects to celebrate the JSE rising... Technically we have a breakout above the W-formation, break up above the downtrend for the first time since may and end of the year buying before year-end. Fundamentally we have a couple of reasons to feel pride: 1. JSE Is tightening with the regulations with the listing requirements 2. Leila Fourie stepped in as CEO in early October which has sent the JSE flying over 8% 3. We dodged the junk status by Moodys (Baaa3) 4. US and China seem to be entering a compromise part of the relationship with cutting down on tarriffs and offering 20-40-50bn worth of farm goods. 5. We won the Rugby WOrld Cup (32:12) 6. #ImStaying grew to over 860,000 members Anyways, the charts are what makes us take the trade - everything else is just fun confirmation.
JSE:J200Long
by Timonrosso
JSE Top 40 Index (Spot)JSE Top 40 Index (Spot): The index has advanced strongly from our last buy/long call on 03-October at 48232. While we saw the index dip slightly lowers, spending a day or two below the recommended buy zone, the 'swing' higher eventually unfolded with a very strong move higher throughout the course of last week. At current levels, the candle structure remains strong although I am less enthusiastic to call a buy/long at current levels that I was 11 days ago. Which levels to watch? I see 49700 as a resistance zone with the 200-day MA at 49832 just above that. Following that 50066 may also act a a short term cap. Fresh longs, I would wait for the price to pull back to 48650 for a new short term entry. The RSI has recently crossed over into bullish territory and now trades at 52 while turning up.
JSE:J200
by LD_Perspectives
$J200 JSE TOP40 observationThe Top40's Price action has been anchored between the main Pivot Point (48 400) and Resistance line 1 (53 000) since early February. (200 week ma = 48193). Besides for the month of January the rest of the year's price action has taken place inside this range. Watch for a second consecutive weekly close below the pivot point level @ 48400. A close below last weeks candle low @ 48000 is even more important. Should we see either/both of these levels breached on an end of week closing basis, it will signal a shift in market direction firmly into the hands of the bears moving into year end. If you then project the range of the pivot action (53 000 - 48400), a break below 48000 can see us move to a projected target of 43800. Still early days but important to keep a close eye as the market is at a critical juncture here...
JSE:J200Short
by MarcoOlevano