TRADESETUP

April 5, 2019

The ASX200 is balancing on a knife edge as the action looks heavy

Index Alerts

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Potential Sell Entry Alert to Watch ASX200

Time Frame : Daily/Weekly

ASX200 Index

The Index has had a spike up through 6270, since the last alert, to squeeze out the sellers who entered off the minor lower high. We see the action as heavy after the clean out of the highs, both on the daily and weekly charts so will be watching the following action with a clear focus. The key level for both bulls and bears going forward is now 6100 as if this comes under pressure we may see bears come out in force. If higher lows can hold above this levels, then we can expect another squeeze higher through to 6350 and potentially beyond. Taking a cautious approach from here.

Index : ASX200

Current Price : 6184.8

Status : On watch for a sell entry setup

Alert History

Previous Alert 20/03/19

Potential Sell Entry Alert to Watch ASX200

Time Frame : Daily/Weekly

ASX200 Index

The Index has rallied without a pullback since the beginning of the year and is now looking heavy both on the short term and longer term timeframes. With all the negativity surrounding global markets and slowing economies, we see the buyers starting to lock in some gains and take a breather. We are now watching for some minor consolidation below 6200 on the index and a lower high to build for a potential sell entry setup.

Index : ASX200

Current Price : 6162.4

Status : On watch for a sell entry setup

Alert History



Previous Alert 25/03/19

Potential Sell Entry Alert to Watch ASX200

Time Frame : Daily/Weekly

ASX200 Index

The Index has been hit today on the open and is right down on some key support for the bulls around the 6125 zone. We are watching today for a potential clean out of this support to suck in a few sellers and then a bounce. The weekly chart is still extended and we expect further selling pressure to come into the market. Watching for a lower high to build for the sell entry setup.

Index : ASX200

Current Price : 6130.1

Status : On watch for a sell entry setup

Alert History

Previous Alert 20/03/19

Potential Sell Entry Alert to Watch ASX200

Time Frame : Daily/Weekly

ASX200 Index

The Index has rallied without a pullback since the beginning of the year and is now looking heavy both on the short term and longer term timeframes. With all the negativity surrounding global markets and slowing economies, we see the buyers starting to lock in some gains and take a breather. We are now watching for some minor consolidation below 6200 on the index and a lower high to build for a potential sell entry setup.

Index : ASX200

Current Price : 6162.4

Status : On watch for a sell entry setup

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