Stock Index : ASX200 Index
Current Price : 5898
Status : On watch for move to 6000
The ASX200 is holding beautiful price action with higher lows signaling a likely move to 6000. We have been eyeing this level for a long time and will be watching closely for reaction as it is a major resistance zone. From here, if we see a close above 5900 today, then we would expect follow through quickly to 6000. If price closes below, then we may see minor contraction and a minor higher low build to accelerate price through to 6000.