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Potential Sell Entry Alert to Watch ASX200
Time Frame : 4 Hourly Chart
Index : ASX200 CFD or Australia SPI Direct -Future (Jun)
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ASX200
The ASX200 has been grinding higher but is lacking conviction as we can see new highs a very shallow and pullbacks are deep. This price action is condusive to a weak market so we expect that a squeeze of the bulls is on the cards soon. We will be watching for a lower high to hold below 5555 for a potential sell entry setup and move to test the lows around 4418.
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Stock Index : ASX200 CFD or Australia SPI Direct -Future (Jun)
Current Price : 5450
Status : On watch for potential lower high and push down through 5318
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