Daily Bias - JSE ALSI 40 - BULLISH

We ended the week on an awful note with resources dropping over 4%, with gaps down and with sudden breakaway trends.

Looking at the bigger picture of the ALSI 40, we still remain with Bullish Bias.

7>21>200
RSI>50
And we seem to be making a Falling Flag, which needs to break up.

Also with SMC, it's early days but we have the first level of liquidity (Sell Side Liquidity) where hopefully Smart Money has come swept the sellers with Long traders stopped and Shorters (entered).

Them sweeping the Sell Side Liquidity is buying into it pushing the price up. We remain with a buying side bias for the week.