JSE ALSI follows Friday's action and makes a breakout and fakeou

JSE ALSI 40 - Update

We've seen the ALSI 40 form a restriction range between 70,122 and 67601.

It broke above the downtrend on Friday, just to come back down and form a fakeout following Americas downside on Friday night.

As most Premium know. Monday is a choppy day with no definitive chosen trend and so we'll let it choose a direction first before making any decisions.

It's these times where it's good to be hedged with longs and shorts during this timulteous time. I'll let you know...