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J835 #SA #Banks index broke a descending triangle today.

JSE:J835   None
SA Banks going lower quite a bit in the near future becomes a greater possibility:

1. DOLLAR seems to make a short term correction so we might see a weaker RAND which in turn is not good for banks.
2. The recent bank results were not good regarding provisions.
3. And then obviously the descending triangle .

If the triangle plays out chances are good I will do a short term long-trade in either ABG or NED .