ASX200 going into a corrective phase as sellers lock in some gains

Index Analysis

ASX200 Index

The ASX200 has found some selling of late and may be going into a period of contraction where prices can be expected to be choppy. We see the daily uptrend is taking a breather as sellers come into the market and lock in some recent gains. We are watching for a pullback to take some heat out of the market and then a higher low to resume the longer term trend up.


Index : ASX200 Index

Current Price : 6063

Status : On watch for contraction lower from highs