Tuesday, 31 July 2018

S&P 500 v JSE ALSI (JN43)

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.

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