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ASX200 Index Analysis
Time Frame : 30 Min Chart
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Watching for buyers to support price
The ASX200 fell away from the highs around 6750 but we now see the opportunity for a rally. Price has managed to clear out a few weak buyers on the two legs lower and momentum is starting to turn higher. We are watching for a pullback and the reaction from buyers to see if they hold a higher low above 6657 which will be a good indication that a move up is on the cards which would confirm the major higher low.
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Index : ASX200 Index
Current Price : 6688
Status : On watch for extension to 6750
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