JSE – Satrix Resources Index

23rd May 2022

The daily chart is given an alternate count which is more aware of alternation. The Primary wave [3] now has a transition to extension with the 1st half being an expanding leading diagonal with wave (3) being smallest. So now there is scant impediment to a bullish continuation.

23rd May 2022
Watch the Birdie

10th May 2022

Two charts here, a weekly and a daily. First the weekly where the previous weekly RSI should have been given more weight along with the location of the end of the lower order 4th wave. See more further below..

10th May 2022

Next chart is the daily. We have (4) = 1.62 (2) and a divergence of the RSI which is in oversold space. Then an exact alignment with the end of the lower order 4th wave throws itself into the mix. Keep it to yourself, don’t let anyone know that wave (4) also has equal legs A = C. But can the market Gods overpower these omens and prevent the trend change? Place your bets.

10th May 2022

30th Mar 2022

The extension of Intermediate wave (3) put in a sterling performance before succumbing to a sharp correction wave (4). The location of the top of Primary wave [3] can be 2.62 of [1] from [2]. Then if [4] = [2] we will be back where we are.

30th Mar 2022

9th Feb 2022

Intermediate wave (3) of Primary wave [3] has extended and will probably require some persuasion to produce the expected complex wave (4). Some lingering uncertainty about the future wellbeing of economies will fit the bill quite nicely. Then it will be off to the races once again until the same lingering uncertainty happens yet again but on a larger, Primary wave [4] scale.

9th Feb 2022

5th January 2022

This weekly data analysis opts for the most bullish pattern where Primary [3] is presently extending out from the mid-wave transition.

27th October

This take of the daily chart is guided by the alternation between the primary waves. It is expecting the recent action from the low of [4] to be the commence of Primary wave [5], which is often the largest of the 3 motive waves when resources are being focused.

27th October 2021
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