JSE, Satrix Resources ETF

This monthly view of the Satrix Resources index projects from the Cycle turn point.

It points to a typical target for Primary [3].

lucrum facit sibi cessabit

JSE, Satrix Resources ETF Index

This daily chart of the Satrix Resources Index tells the story since the bottom of 2016. The entire Primary wave [1] sits inside a channel with Primary [2] most probably busy with the (A) bounce. The nominal target for [2] is (4).

JSE, Satrix Resources (ETF)

The global resources cycle II correction concluded in early 2016. Since then Intermediate wave (1) has been in progress and now appears to be concluding. As usual the corrective starts off with typical target of the previous lower order 4th.