I am primarily interested in trading the JSE ALSI and occasionally look to the majors for variations in correlation. Sometimes there are interesting differences.
The ALSI has concluded a Primary 2 correction of 55% of Primary 1. The SPX has more conjecture about the completion of Primary 1 and most see this as Intermediate wave 5 of Primary 1. Otherwise both appear presently into minor wave (iii) of Intermediate 1.