The ASX200 ended basically flat yesterday shedding no light on whether it can break clear of the psychological 7400 area but the short-term trend remains up hence, for now, a retest of 7600, around 3% higher feels likely. However, we remain committed to moving down the risk curve into further strength i.e. watch for alerts.
- We continue to believe selling strength and buying weakness will pay dividends through 2023.
MM is now neutral towards the ASX200 around the 7400 area
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