Jump to content
Sign in to follow this  

Sudden move in SA 40 index

Recommended Posts

How can the SA 40 index move about 400 points to upside when the majority of the shares are in the red?

Knocking out all stop loss levels and then bounces back below S.L.

Share this post


Link to post

@Jab,  the spike is showing up on other broker feeds as well, diff time zone so bars not exactly the same but the price is.

image.thumb.png.5a0e7b7967210c2af51b6d0406657247.png

Share this post


Link to post

No sure I understand the "time zone" influence. this has not happened before as far as I can remember.

Very evident on 5 min South Africa 40 cash chart 

Share this post


Link to post

I'm assuming you are referring to the bar this morning that spiked back up 400 points before continuing down.

The bottom chart is IG while the top chart (as above) is a different broker showing exactly the same move.

image.png.b472c2612bf46f775ab894ac442c84b4.png

image.png.daa3e3df2ecb5d723d7d6683eb28fce8.png

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×
×