The ASX200 snapped a three-day winning streak yesterday after the mixed Q3 2024 inflation data against the backdrop of a still firm labour market dashed hopes of an #RBA rate cut before year-end.

Ahead of its final trading session in October, the ASX200 is down 1.08% for the month and continues to spin its wheels below multi-month trend channel resistance, which currently resides in the 8350/60 area and above important support at 8110/00.

A sustained break of either of these levels is needed to indicate in which direction the ASX200’s next significant move will come.

Chart PatternsTechnical IndicatorsTrend Analysis

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