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ASX200 Index Analysis
Time Frame : Daily Chart
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Watching for Weakness
The ASX200 has rolled over since the last alert and holding lower highs. Price is at an important crossroads now as it holds above 5970 and below 6010. A break up through 6010 will get the bulls excited and lead to a push up to 6200. A hold below 5925 and move down through 5970 will trigger further selling and pressure lower as buyers are forced to close out. We favour the sell side so will be watching for an entry of further weakness but either way, the next few days will be important.
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Index : ASX200 Index
Current Price : 5889
Status : On watch for weakness and sell entry setup
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