In yesterday’s Morning Report we wrote “we remain confident the market will be higher come “Auld lang Syne” i.e. the start of 2023.” That line looks pretty good following the ASX200’s 117-point / 1.8% RBA inspired rally on Thursday but to use an old cliché one swallow doesn’t make a summer and we wouldn’t be vaguely surprised to see another test on the downside towards major technical support in the 6600 region over the coming weeks.
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