The JSE Top40 broke downwards out of its Short-Term Bear Channel but found support at 59130 and bounced back testing the lower resistance level of the Bear Channel at 61670.00.
The JSE Top40 Weekly Long-Term Chart is still in a broad Bull channel but is showing signs of weakness.
The Dow Jones Long-Term chart is still within a broad Bull Channel but has been trending lower since October 2021 due to higher interest rates and recession fears.
The Index is currently bouncing of its pre-covid-19 highs at 26700.00 but still trapped in the Short-Term Bear Channel.
This report provides technical analyses of various stock market indices, including the JSE Top 40, Dow Jones, Nasdaq, FTSE100, Dax, Nikkei, Shanghai, and Nifty 50.
