Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
Technical Analyst, Saxo Bank Group
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.