S&P ASX 200 Index struggles to hold above 6046.70S&P ASX 200 Index struggles to hold above 6046.70
The Index broke through critical resistance at 6046.70 in yesterday's session and reached another crucial level at 6077.60 but retreated and closed the session just above 6046.70.
Today's opening trades, we saw the Index started the session above 6046.70 but drifted below this crucial level and down to 6028.50 at the time of writing.
The Index needs to hold above 6046.70 to continue to the upside. It could continue down to the next crucial point at 5998.40 if it fails to get back above 6046.70