ASX200 Charts Review…Is it now sell the rallies not buy the dip?!

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ASX200 Charts – Daily and 30 Minute Updated in the Members Area!!

The ASX200 is still holding up off daily support that bulls are defending around 6887 although buyers are having problems getting price up through 7195. The daily anchor to the downtrend remains at 7430 for now with the potential for it to move down to 7195 if we see another push down into major support. The key levels for his week, and today especially, will be 7174 and 7000. A move up through 7174 will no doubt lead to a run up through 7195 to test some sellers resolve (which does not mean the trend down on the daily charts is broken). A move below 7000 in coming sessions would see a test into 6887.

For a more detailed technical view of Macro markets, check out my recent Trading Plan post here.

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ASX200 Daily Chart

ASX200 30 Minute Chart

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