Trade_Setup

ASX200 weakness is squeezing on bulls but will we see a selloff

Short
ASX:XJO   S&P/ASX 200 Index
The ASX200 has rolled over since the last alert and holding lower highs. Price is at an important crossroads now as it holds above 5970 and below 6010. A break up through 6010 will get the bulls excited and lead to a push up to 6200. A hold below 5925 and move down through 5970 will trigger further selling and pressure lower as buyers are forced to close out. We favour the sell side so will be watching for an entry of further weakness but either way, the next few days will be important.

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Comments

Amazing analysis, thanks
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Trade_Setup BakiShirzadi
@BakiShirzadi, Thanks....lets hope we get a trade out of it
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