applying the Elliott Wave theory - JSE charts at: jsecharts.blogspot.co.za/ - click image to enlarge
Friday, 5 October 2018
S&P 500 Index
The S&P500 index is projected from the present location for the quite often situation of wave 5 = wave 1, both time and price. Out of these assumptions emerges the tentative targets of mid December and 3123.
When translating the projection for the S&P 500 index into probable influence upon the JSE Top 40 index it is recommended to factor in the more recently developing and increasingly warped relationship as indicated below...