Quarterly Outlook
Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
Technical Analyst, Saxo Bank
S&P ASX 200 is bouncing around 7,138 Support/Resistance. There is potential up to resistance at 7,287 in what could be an exhaustive move.
However, if ASX200 manage to close above 7,287 the medium-term trend has reverse to an uptrend with 7,600-7,700 in sight. With RSI above 60 and no divergence there is indication that ASX could move to 7,287
If ASX slides back below 7K bear trend is likely to resume with support at around 6,828.
Q3 Macro Outlook: Less chaos, and hopefully a bit more clarity