AustraliaDaily Briefs

Daily Brief Australia: S&P/ASX 200 and more

In today’s briefing:

  • EQD | S&P/ASX200 Going Down… (Approaching Support to Go LONG)


EQD | S&P/ASX200 Going Down… (Approaching Support to Go LONG)

By Nico Rosti

  • The S&P/ASX 200 INDEX is oversold, currently down for 2 weeks (actually the second week down has just started), it has good chances to bounce this week.
  • The best set up would be: index closing the week down at the end of this week: GO LONG at Close (or at any high probability support level reached intra-week).
  • A reprise of the rally should last into the end of January (or longer).

💡 Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • ✓ Unlimited Research Summaries
  • ✓ Personalised Alerts
  • ✓ Custom Watchlists
  • ✓ Company Data and News
  • ✓ Events & Webinars