RBA cut the rates to 2.25% yesterday, and ASX200 responded with the final break of a long term resistance.
This implies a next target of 6,150.
A slight retracement is likely, but if 5,550 holds is fine.
But there are quite a few triangular patterns ending somewhere March/June (SP500, Volatility Index, Gold) – which will release a bout of volatility (this does not imply negative/positive….just a pattern will be broken…we do not know which way)
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