The ASX200 is starting to look weak so we are ready for a sell entry

New Sell Entry Alert ASX200

 

Time Frame : Daily

 

ASX200 Index

The ASX200 is starting to look weak so we are happy to get short and see where the action takes us. Happy to sell on a push lower through 6158 and hold the stop loss at 6219. If price pushes higher prior to entry through 6219, we will cancel the alert and re-assess the action. The short is also a nice hedge if price really gets a move on lower as global sentiment is still negative. A sell can also be traded on the STW on the ASX through 5835.

 

Index Code : ASX200

Current Price : 6174

New Sell Entry Level (Trigger Level) : 6158

Potential Buy Exit Zone (Stop Loss) : 6219

Status : On watch for a Sell entry trigger