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ASX200 Index CFD Analysis
Time Frame : 1 Hourly Chart
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Watch for Buy Entry Setup
The ASX200 along with other major Indexes, came under pressure today after China news drove the Hang Seng lower from the open. Price pushed down to the support level we highlighted in the Morning Report but it was just constant pressure not a fear driven selloff which we would have expected. Watching to see how price reacts around the 5486 area and what happens in the US tonight. If we see a decent break below then watch for a lower high sell entry setup. If price rallies off 5486 then a higher low will be key for a buy entry setup.
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Index : ASX200 Index CFD
Current Price : 5366
Status : On watch for buyers to provide support
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