JSE Top 40

The weekly JSE TOP 40 technical analysis update.
Notes:
We are trading in the middle of both the medium term and short term consolidation ranges. Ad hoc short term moves can be expected in a largely trendless phase.
The medium term outlook remains intact.

The weekly technical analysis update on the benchmark JSE Top 40 Index.

The weekly JSE TOP 40 benchmark index technical analysis report.

Note:
The bigger picture of an 18- month consolidation phase that should result in an eventual bull trend to new highs, remains a high conviction view.
The complex nature of this consolidation gives rise to several different shorter term possible outcomes. Short term pivotal levels become increasingly important under these market conditions.
We continue to highlight the best preferred alternative.

The month- end JSE TOP 40 technical analysis update.

The weekly JSE Top 40 index update.

Note: Markets go through trending and consolidating phases that result in various levels of analysis certainty.
The current JSE Top 40 outlook is one of those difficult, ad hoc ranging periods.
We still illustrate a preferred possible outcome in an attempt to add value.

The weekly JSE Top 40 update.
The SP 500 benchmark index is approaching bullish target levels and has been include in the report

The weekly JSE TOP40 technical analysis update.

The weekly technical analysis update on the JSE Top 40 index.

The bigger picture, 2024 outlook on the Local TOP 40 index.

Note: Apologies for the lack of conviction on the short-term outcome probabilities. Complex consolidations can be difficult to pinpoint.

The JSE Top 40 technical analysis update.