The SA40 index moved towards the favoured target at 42600 and is now finding resistance.
The small red arrow highlights a “Doji” candle intraday, which marks a point of indecision. At this point of indecision and resistance, the Stochastic oscillator is crossing its trigger line in overbought territory. In summation, these indications are considered short-term bearish but are against the prevailing short and long-term trends which are up.
With the aforementioned in mind, should weakness occur in the near-term, trend followers would wait for entry in line with the prevailing uptrend considering levels of support as opportunity.
Alternatively should resistance at 42600 be broken, a move towards the upper trend line of the broadening formation at 43325 is favoured.