The ASX200 is looking weak and ready to break support

Index Alert



Index : ASX200

Current Price : 5654

Status : On Watch for weakness

The ASX200 is finally looking like picking a direction and showing weakness. We see a price action made a minor washout of 5800 resistance followed by a lower high around 5775. This is strong signs that sellers are taking control and gunning for a push through support at 5600. We are now being very selective on trade opportunities and only looking for higher probability setups until buyers turn things around.