ASX200 on track for a fall in October.
The ASX200 snapped a three-day winning streak yesterday after the mixed Q3 2024 inflation data against the backdrop of a still firm labour market dashed hopes of an #RBA rate cut before year-end.
Ahead of its final trading session in October, the ASX200 is down 1.08% for the month and continues to spin its wheels below multi-month trend channel resistance, which currently resides in the 8350/60 area and above important support at 8110/00.
A sustained break of either of these levels is needed to indicate in which direction the ASX200’s next significant move will come.
Ahead of its final trading session in October, the ASX200 is down 1.08% for the month and continues to spin its wheels below multi-month trend channel resistance, which currently resides in the 8350/60 area and above important support at 8110/00.
A sustained break of either of these levels is needed to indicate in which direction the ASX200’s next significant move will come.
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