Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Global Head of Trader Strategy
Technical Analyst, Saxo Bank
Rangebound S&P ASX 200 bounced Friday from support at 6,540. That is the key level to look out for. If we see a daily close below June low at 6,407 is likely to be taken out.
To resume uptrend ASX200 must close above 6,764 which is likely to initiate a move to resistance at 6,930.