Quarterly Outlook
Q3 Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
Technical Analyst, Saxo Bank Group
S&P ASX 200 closed just a few points below key resistance at 6,764. A close above is likely to fuel a short rally to next resistance at around 6,930-6,951. If ASX 200 fails to close above 6,764 the Index could be range bound for some time.
A daily close below 6,539 will demolish this short term likely bullish scenario and bear trend will resume pushing to test June lows .