ASX 200 – boring, sideways travel until now?

The ASX 200 equity index is not any higher than 3 months ago.

On May 25, 2023, I wrote a note forecasting ‘weakness’ in the ASX 200.

For 2 months since then, we saw general weakness.

In fact, todays’ price is the same price as seen in May ’23, March ’23, December ’22 and May 2022.

The past 15 months or so will surely disappoint those passive ETF indexers who can’t ‘read the tape’ or don’t believe in timing entry and exits.

But today, there are early develops in a new upward trend for the ASX 200.

September 6, 2023

by Rob Zdravevski

rob@karriasset.com.au