The ASX200 has failed to get back up to highs around 6050 and is seeing some selling pressure that may take it lower. The lower high that formed on the push up to 6025 should see a second wave of profit taking after a rally of 400 points since that start of October saw a break of a major resistance level. We will be watching for signs of buyers stepping back in to build a higher low that could put the all time highs of 6851 in sight and produce some more great buying opportunities.
Index : ASX200
Current Price : 5952
Status : On watch for higher low