Index Analysis ASX200
XJO – ASX200 Stock Index
The ASX200 struggled today to fall away from 5870 highs after getting off to a strong start. The Intraday charts are showing signs of weakness as sellers have been capping the market price action around 5860/5870 zone. The Daily action is getting extended so we may see a pullback on the cards towards the recent 5724 lows. For the bulls, price will need to hold current levels and hold the 5800 high low.
Index : XJO – ASX200 Stock Index
Current Price : 5848
Status : On watch for weakness and a pullback