Are we starting to see some love fro the bulls today on the ASX200

ASX200 Index Review

 

ASX200 Index

Are we starting to see some love from the bulls today? We are watching the 5650/5700 zone for some interest from buyers and reaction higher. Price is extended on the weekly timeframe and has stretched into the zone on the daily so expecting to now see some bargain hunters to come out to play. The trend is still held down by 5942 so the action still has a lot of work to do to rebuild traders confidence so patience is the key for now.

 

Index : ASX200 Index

Current Price : 5747

Status : On watch for a reaction higher as buyer start to defend the 5650/5700 zone