see latest news on reuters regarding SA banks could have had some effect. Also think the shorts are a little more uncertain now after being stopped out on a few rallies.the question now have banks bottomed out - maybe
Why not wait till the next bank meeting on the 14 AUG and see what Tito has in store for us! Still plenty of time to climb in then if the conditions are positive ,with no more interest rises likely perhaps in the future.The cherry on the cake would be if even this time there is no rise and he says he is first going to look what the future holds.
The findi suggests that the bottom of the channel could happen around second half of August. There is a bit of support now at 21220, but the trend line seems to indicate that the real support is at about 20000. . . . Barry mentions the meeting and announcement on the 14th August. Is it just a coincidence or do the technicals and the fundamentals seem to line up with each other here?