JSE Top 40 LONG analysis still in check to 85,633

Look I don't care whether the market rallies or falls. We trade either way and follow the trend.

But on bigger time frames, it states and shows us what is rather than what the media and Jim Cramer says.

And right now, the long analysis still applies for a few reasons.

1. W Formation, broke out and now going to test support 1 (Safety line 1)

2. Price<20 but still above 200MA which states the market is in a bull market.

3. If the price breaks below the safety line 1 it could go to 68,000 before it turns up again.

So all in all the analysis still has a weird up target to 85,633 on the daily chart.

And the market is still up 2.40% for the year - So it's not all bad babies.