Its failure to retest 8,000 after a feeble 2-day recovery this week looks like it may not take much to topple ASX 200 futures for another leg lower. And with an all-important NFP report lined up and traders heavily focused on minor signs of weakness, the path of least resistance could well be lower. Matt Simpson take a quick look.
Overbought indicators are of little use when markets are obsessed with rate cuts ahead of a key fed speech. Jerome Powell will speak at the Jackson hole symposium and Friday, and expectations for a dovish show are high. And that's helped Wall Street indices extend gains and the allowed the ASX 200 to tag along for the ride. But if this turns out to be a classic...
In this update we review the recent price action inthe ASX and identify the next high probability trading opportunity and price objectives to target
In this update we review the recent price action in the AUS SPI200 and identify the next high probability trading pattern and price objectives to target