This powerful trading indicator predicts an all-time high on the JSE!

by , 22 September 2017
This powerful trading indicator predicts an all-time high on the JSE!
I've been waiting for this for three years!

If you go look at the JSE All Share Top 40 Index, you'll see it's been going nowhere.

But us traders have been watching a very powerful indicator. This indicator shows us that momentum on the Index is picking up.

And finally, the buy signal has confirmed!

The JSE-ALSI has been lining up for a strong rally. In fact, I expect the JSE-ALSI will go up 10%, which will take it to an all-time high.

All because of this one powerful indicator.


The RSI is a powerful leading indicator
 
The RSI, or the Relative Strength Index, is a squiggly line technical indicator. This indicator has a number of functions that you can use.
 
But today, we’ll only talk about how it can show upside for an index.
 
We do this by talking about the Divergence on the JSE-ALSI (All Share index).
 
When the RSI shows higher lows on the index, you can expect momentum to pick up shortly after. And this will result in the JSE-ALSI to go up which you can profit from.

The RSI is a powerful leading indicator
 
The RSI, or the Relative Strength Index, is a squiggly line technical indicator. This indicator has a number of functions that you can use.
 
But today, we’ll only talk about how it can show upside for an index.
 
We do this by talking about the Divergence on the JSE-ALSI (All Share index).
 
When the RSI shows higher lows on the index, you can expect momentum to pick up shortly after. And this will result in the JSE-ALSI to go up which you can profit from.

Let's see how the JSE-ALSI and the divergence is showing upside to come

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The green squiggly line shows you the RSI indicator.
 
And all you need to know is this.
 
Since November 2016 up ‘till May 2017, the RSI has been making higher lows, as you can see in the chart.
 
The fact that the RSI is showing higher lows, means that the ALSI is soon to have a burst of upside.
 
Why?
 
Well, the RSI divergence is called a leading indicator. This means that the RSI will almost a forecast on what you can expect on the JSE-ALSI in the near future.
 
The higher the lows, the more you can expect upside for the JSE-ALSI.
 
And so, if this plays out, the JSE-ALSI will follow suit and move 10% higher from 47,200 up to my first target of 51,934.
 
This will also take the JSE-ALSI to an all-time-high.

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How you can take advantage of this JSE-ALSI upside
 
The JSE-ALSI as you know consists of the top 40 companies by cap.
 
And in order for the index to climb, stocks will need to be the reason the ALSI climbs in the near future.
 
So there are two ways you can profit from this 10% move up. First, you can go long (buy) the JSE-ALSI index CFDs and hold until it reaches the target of 51,934. 
 
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