Most of the 20 Leaders bounced off either major or miner support (depending on how you define support). Exceptions appear to be SQ2, CSL,
NCM is in an up-trend so didn't need to bounce.
ALL - holding up well and bounced off minor support.
ANZ: bounced off support created by High back in May:
SQ2 - in a long term down trend, no bounce off support.
BHP - range trading - bounced near lower edge of the range.
CBA - bounced off minor support, not far above major support.
CSL - In a long term down-trend. No bounce off support.
FMG - Range trading. Bounced on Thursday close fo lower support edge of range.
GMG - short-term down-trend. No bounce.
MQG - bounced off major support.
NAB - bounced at 200-Day MA
NCM - In an uptrend - so no need to bounce off support.
REA - bounced off support of Kumo Cloud. In Ichimoku terms, Kumo Cloud acts as support and resistance.
TCL - has been in a long-term down-trend. Bounced at major support set up back in Jan. 2023.
TLS - in a long-term down-trend. Bouncing - but not near a support level. But it is now at the lower edge of the Value Zone of the Volume Profile which often acts as support.
WBC - bounced strongly off major support zone.
XRO - bounced off major support zone.
18/09 Indices, page-223
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