Bears getting active today as the ASX200 heads lower

ASX200 Analysis

The ASX200 has come under pressure the past few days and the selloff may start to get out of hand. The bears are starting the charge to lows so we are now on the watch for a sell entry setup. Price has rejected a move up through previous highs at 6234 in a very extended market so we are on watch for a lower high to build below 6200. If price grinds higher to build the lower high then there may be a lot more downside on the cards.

Current Price : 6142.5