After a very quiet start to the week there’s not much to add to our recent comments i.e. we expect the ASX200 to rotate in the 6825-6900 area before again testing the downside. Overnight US stocks were closed for Labor Day but the futures were open & trading and they eked out a +0.3% gain which looks set to be enough to help the ASX200 open mildly higher this morning before this afternoon’s interest rate decision.
MM is neutral to mildly bearish the ASX200 around the 6850 area
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