The ASX’s significant support zone has held…so far

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It is two months since I last analysed the ASX benchmark indices for the Switzer Super Report when I asked the question, “will the ASX’s significant support zone hold?”

At this stage, using a subjective ‘rule’ that I have observed over the last twenty years or so, I can report that the ASX’s significant support zone has indeed held, whether the ASX200 or All Ords index is analysed.

The significant support zone is between 4925 and 5000 on the ASX200 (Code: XJO).

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