Timonrosso

History repeating with the Bear Market Rally or not?

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JSE:J200   South Africa Top 40 Index
Top 40 is once again testing our patience...

THe price broke below the M Formation, just to go back up to test an important downtrend level.

We've seen this before with the strong buying price action, before the crash.

So will history repeat itself?

We will only know after the next two or three days.

The price needs to either break up and trick everyone.

Or touch the downtrend and come back down.

The strongest sign we have of downside is lagging indicators

200>21>7... That's the only thing that brings clarity to the markets...

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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