ASX 200: Why I don't trust today's 'record high'
The ASX 200 reached a record high in today's session, but it's not a convincing record high in my books. If anything, it could signal yet another false break. Using the ASX cash and futures market alongside Wall Street indices, I delve into why we need to be on guard for another bull trap before the real move potentially begins.
Matt Simpson, Market Analyst at City Index and Forex.com
Matt Simpson, Market Analyst at City Index and Forex.com
Trade closed: stop reached
It looked great... then Trump delayed reciprocal tariffs, risk was given a bump to help Wall Street posted gains - and up SPI 200 followed. Note
Matt Simpson
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.