You're correct in some ways but it represents the early warning signal for what may be coming down the track. All ordinaries first followed by ASX300 in a sneeze then 200 etc.
What will happen now is quiet accumulation and positioning for what they all know is coming. Once April 10 discloses her beautiful data we might start to see people arriving early for this party. gltah
Ann: S&P DJI Announces March 2021 Quarterly Rebalance, page-34
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