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The ASX 200 is still stuck in a rut – Motley Fool Australia
The S&P/ASX 200 Index (ASX: XJO) is still stuck in a rut and can’t seem to get over the 6,000 point mark for long. Here’s what we can learn!
Is the S&P/ASX 200 Index(ASX: XJO) still stuck in a rut?
Exactly a month ago, I penned an article in which I described how the ASX 200 was stuck in a rut. I noted how, for two months, the ASX 200 had essentially gone nowhere. It has ebbed and flowed around the 6,000 point level, but never left the safety of this band for long. This pattern held true after the ASX 200 initially leapt out of the ditch that the March share market crash put it in, rising from 4,546 points on 23 March to 6,000 b…
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