XJO 0.55% 7,629.0 s&p/asx 200

Monday 14th Sept - Bounce Time

  1. 3,200 Posts.
    lightbulb Created with Sketch. 95
    A lot of the short term bad news probably is now out of th r way

    - vaccine trial back on
    - job market still pushing on
    - vic case numbers on track for reopening target

    Risks which remain
    - no 2nd stimulus.. possibly some move later this week?
    - another vaccine pause

    All these indicator point towards a possible bounce from these levels back to 6000.

    Key support around 5790 and key resistance around 6100 (MA200)

    Happy trading!
 
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