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ASX200 Index Analysis
Time Frame : Daily Chart
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Watching for Weakness
The ASX200 is selling off into the weekend as bears start to get more active. Price has finally broken down out of the uptrend and put in a high at 6184. The question is now if we will see a move to the downside or some range bound action. If price finds sellers for a deeper correction to 5710, then expect the action to really heat up as the most highly anticipated selloff kicks into gear….at least for the bears!
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Index : ASX200 Index
Current Price : 5926
Status : On watch for weakness and sell entry setup
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