The ASX200 looks set to open around 7000 this morning following a mixed end to the week on Wall Street, if we follow their lead the tech stocks will give back some recent strength while the Energy Sector should bounce.
- The upside momentum has waned over the last 3-weeks with the index only rallying 70-points last week compared to 186-points in the last week of July.
- MM is neutral ~7000 as opposed to being bearish but a close below 6750 would technically have us looking for more downside.
MM is currently neutral the ASX200
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