JSE Top 40 IndexAn extract from my pre-market report.
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"Analyst Comment: We have seen a continuation of the medium term downward trend following
Wednesday morning's pre-market data highlighting the index trading in a ultra short term high bullish momentum regime but likely to be sold off as it approached the upper boundary of the 21-day linear regression channel (see circled image). Over the two sessions we saw seen the index being sold off aggressively to the tune of 2074 points or -2.9%. Now trading at the
mean of the 21-day linear regression channel."