The ASX200 outperformed most global indices last week rallying impressively towards its February high, a level which may be breached this morning following Fridays solid performance on Wall Street. We’ve held a net bullish / “buy the dip” stance through 2022 which feels the right approach as the markets set to test its February 7350 this morning, short-term the market looks & feels great with the 7600 level feeling a strong possibility and a pop to new highs is actually our preferred scenario.
- Remember while we are bullish short-term MM’s preference in 2022 is to “sell the pop” as opposed to buying the dip.
MM is bullish the ASX200 above 7200
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