The next big Junior Market run is nigh

The last time this signal was flashed, the market rose 600 points and before that 500 points. The Jamaica Stock Exchange Junior Market is sending out a strong signal that a big rally is ahead once more.
When technical readings for the Junior Market were going through a golden cross back in July 2019, the market rallied by more than 600 points and in 2018, the market put on 450 points after the signal was sent. How much gain will result in this round is unclear, but it could well take the market up another 600 points in a rally that could put it around 3,100 points, initially. Because the Junior Market index is a weighted one, not all stocks are going to provide the same levels of returns as such, the market move as measured by the index could vary a bit from the suggested gains.
What the golden cross? This is when the short term moving average crosses over the medium moving average and both cross over the long term moving average. The medium-term moving average has crossed over the long-term one and the short term is making its way to cross the medium one with it already cross over the long term.

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