XJO – S&P/ASX 200 Road Map

The S&P/ASX 200 index finished the week up 0.5%. 

The best performer was the Energy sector, up 3.3% and the worst performer was Utilities sector, down 1.9%. 

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With global equity markets selling-off again in the overnight session, (following ongoing concerns around trade wars), index traders should stay short the market and run a stop-loss on a reversal back through 5806 on the XJO.

US large cap financials will kick-off March quarter earnings later next week and with solid earnings expected, we may see a late week reprieve in selling.

5630 will likely become a mid-week support level for the XJO.

 

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