I don’t know why I am bothering with this ASX 200 weekly update post today. I am just posting it as a record to look back on. This chart is very neutral and as a result there is nothing we can really look at here. If we get a break below 5,300 then we will have something to look at but I don’t think we will see that in the week ahead. The weekly MACD is still crossed down so we just need to see how it looks by the end of the week. The RSI is right on 50 so that gives no indication either. The 15 MA could act as resistance but then there is hope of more stimulus in China so it could go either way.
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