–
ASX200 Index CFD Analysis
Time Frame : 1 Hourly Chart
–
Watch for Sell Entry Setup
The ASX200 along with other major Indexes, is coming under selling pressure but bulls are being stubborn. We saw a retest and fail at the 5436 level which is a sign that sellers are entering the action but buyers still seem happy to soak up selling pressure. If the pressure continues to build on the sell side as expected, then there will come a breaking point and buyers will bail on long positions. For now we are still watching the action for price to hold below 5436 and build a lower high to bring in further pressure for a run lower.
–
Index : ASX200 Index CFD
Current Price : 5366
Status : On watch for a break down through 5300
–
