SteynTrade

JSE:J200 Top 40 Institutional Selling

Short
JSE:J200   South Africa Top 40 Index
Looking at a weekly chart it seems that we are in distribution that has started in 2015. We now see volume off the tops of the Last Point of Supply (LPSY). There are Signs of Weakness (SoW) and change of character in the background. I break below the yearly pivot point which should be tested this week could result in significant declines.

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