AUS200 trading at supportI would take a long position here but will be with smaller risk than usual because the market is at 4h resistance but there could be a chance for another push up.
AUS200
AUS200 LONG Leveraged products carry a high degree of risk to your capital and any forecasts given are not a reliable indicator of future performance.
AUS200 forecast December/JanuaryWith holiday comes low volatility. I expect market to stay within 7080-7158. Very likely till first week of January.
This might play out two ways:
1. Bullish scenario:
- we break above 7158, and hit 7250. (Max 7400 to form double top on daily chart and then drop to 6500 or even new lows)
- looking into Elliott Waves strategy - we could face one more wave to the upside
2. Bearish scenario:
- not much movement until Jan, staying around 7080-7195.
- drop to 6500.
Long story short I expect going back towards 2022 lows in the next three months. It’s hard to say when exactly it’ll happen. Big move can be triggered by pretty much anything at this point (worse CPIs, new Russian sanctions, restrictions in China, new wave of Covid….).
This is a risky enviroment so trade carefully and always do your own analysis before opening the trade.
SPI200 - Sentiment remains negativeSPI200 - Intraday - We look to Sell at 7165 (stop at 7215)
Buying pressure from 7018 resulted in prices rejecting the dip. With the Ichimoku cloud resistance above we expect gains to be limited. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies.
Our profit targets will be 7025 and 6965
Resistance: 7140 / 7340 / 7590
Support: 6965 / 6860 / 6770
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Buying ASX at previous high.ASX200 - 22h expiry - We look to Buy at 7025 (stop at 6975)
Buying pressure from 6959 resulted in prices rejecting the dip.
Previous resistance level of 7027 broken.
This is positive for sentiment and the uptrend has potential to return.
Further upside is expected although we prefer to buy into dips close to the 7025 level.
Our profit targets will be 7170 and 7340
Resistance: 7140 / 7340 / 7590
Support: 6965 / 6860 / 6770
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XJO AUS200 retraced only 0.382, chops around median of pitchforkXJO acting as an inflation hedge, except when recession kicks in, which will kill all demand. XJO or AUS200 is outperforming US indices coz in a high inflationary environment, a country producing a lot of commodities tend to do better. Another example is Brazil with ticker symbol EWZ, which is also a good inflation hedge if dont want to use PFIX to capture rising rates. Gold right now is crashing with equities & not acting like an inflation hedge as it is supposed to do.
As you can see in the chart, there is a perfect pitchfork with XJO chopping around the dotted median. As shown in the past, the green pitchfork level should offer a strong support should XJO fail to hold the median of pitchfork. On the other hand, a bounce from the median may send XJO to the top of the pitchfork for a new high.
Also, XJO has made many measured moves…like the 3 DARVAS boxes or fractals down from its all-time-high. landing or stopping exactly at the Fibonacci 0.382. Next stop may be the 0.50 Fib & also along the green pitchfork level mentioned above.
Among some Australian commodity stocks doing well are IGO (lithium), BOE (uranium), & BHP (metals & potash)
Not trading advice
AUS200 - projected path for the next 4 months (to Feb 2023)If we get a bullish run from here (@ 6670 now) for the next few days to see upwards of 6900 trade, then I see the following projected path all the way to Feb 2023 where the final hit of 6400 can happen and a sustained BULL run can start for the rest of the year
Just putting it our here for now to follow it on the DAILY Timeframe
AUS200-bearish scenario "IF" recent run was a DEAD CAT BOUNCEAUS200 made a low of 6401 on 3rd Oct 2022 & bounced up by more than 400 pts to print a high of 6811 on 5th Oct 2022
But what if this was just a dead cat bounce and not an actual reversal from the longer term downtrend? In that case, I see the next 2 weeks to trade as per the path shown in the chart - time frame is 4 HOURS and not all end points are supposed to be met.
INVALID if we break above 6850 in a day or two.
AUS200 on a tear - how much longer can it continue? The Australian 200 stock index continues to move higher, despite weakness in the states. A fiscal boost from China could be helping to spur the high risk index higher. Weaker Aussie employment data could also lead to a less aggressive RBA.
From a technical perspective, price is nearing a key resistance level at the 61.8% Fibonacci level and the 200-day SMA. The RSI is in overbought territory and price is more than 5% above its 50-day SMA, which called a top previously. 7.3k is the level to watch for an upside breakout, while a rejection and roll over would bring the 7k and 50% Fibonacci level into play.
AUS 200 IndexMarket has made a resistance, with possibility of breaking through soon.
I look forward to a transient SHORT for momentum to do this.
AUS200 BERISH CONTUNUATION??TECHNICALS
From what we can see the market is still within the bearish channel and is soon to continue moving bearish. potentially following 1 of our options our bias will remain the same until we see a break above the channel.
AUS200 : DOWNTREND | PRICE ACTION ANALYSIS | SHORT SETUP ⚡️Welcome back Traders,
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AUS200 turning bullish?I see very bullish signs on AUS200 chart. My only problem is: was it just Friday afternoon rally or beginning of bear rally for next week?
Overall it seems like a strong bullish move. Earning season Q2 is coming soon - but will it be good enough for the market to continue move upside?
One is certain - there is still a lot of volatility in the markets. Trade carefully.
This is not a trading advice. Trading is risky- do your own analysis.
AUS200 forming a very neat H&S patternI am short on AUS200, H&S pattern spotted.
DOYR! This is not a financial advise.
Steve's Gun2Head - Selling Australia 200 (AUS200AUD)Trade Idea: Sell Australia 200
Reasoning: Bearish engulfing forming on daily chart, Stalled at resistance and turned lower under Ichimoku cloud on 4-hour chart.
Entry Level: 6494.5
Take Profit Level: 6254.5
Stop Loss: 6554.5
Risk/Reward: 4:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
How to catch a falling knife?!!!We are oversold on the indices and will be looking for a bounce...dnt know if its just temporary relief or the bottom....I dnt care actually I will just carve up my piece of the meat:)... buy stop at 6475. . . . .(already pocketed gains from the short see attachment)
HIGH ALERT: Bad weather and death crossesI won't say much here because I've narrated much of what I think is going on across several indices.
These are very troubled and dangerous times in the markets.
Some say it is not possible to time the markets. I disagree.
Whilst death crosses come and go, the important contextual issue is when they happen.
These death crosses have occurred after a most ridiculous expansion of markets, in the context of reckless Q/E.
PE ratios have been off the scale. We know the markets are overbought.
So death crosses in the particular context of the markets are significant now.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
AUS200 Forecast 25 April 2022I don’t really like Mondays in trading. Will the market continue Friday bearish move? Or consolitate and try to go up to 20EMA?
Based on technical analisys and indicators on 4hrs chart AUS200 is oversold, 50 EMA is holding a support, on the daily chart the market has room to go lower towards trent line to 7200 area.
Does it happen tomorrow? Don’t think so. Tomorrow is Bank Holiday in Australia and I don’t expect big movement either way. Momentum is definitely towards downside but these days anything can happen and markets often are unpredictable.
It’s not a trading advice, trade safe!
AUS200 as expected is trying to break the 7620 resistanceToday AUS200 tried to break a stong resistance at 7620. The market is not ready to drop just yet. It could be here for a while, possibly trying to go up once again to 7595- I doubt it will go higher than 7620.
The momentum is still there. On Monday is holiday in Australia and we expect some inflation news next week that might affect the market.
I am planning to open sell position around 7600, waiting for confirmation.
This is only my analysis, not a trading advice. Trade carefully
AUS200 - Bullish StrategyAccording to chart analysis, We can see a bullish trend and a double bottom but there is a resistance that needs to be broken, and make sure to ride the trend because there is a bearish divergence on RSI.
Plan A: Long
Entry: 7613.3 (Current)
SL: 7524.6
TP: 7755.6
Plan B: Long
Entry: 7663.4
SL: 7561.4
TP: 7904.3
AUS200 up or downAUS200 is kind of interesting to watch. We reached 7606 resistance, if we break it, we go to 7648. We def have enough momentum to go higher, inflations is a big problem, recession is about to start but it can take few months. We’re also in April- one of the most bulish month.
I don’t recommend to follow it but behind saying ‘sell in May and go away’ is a lot of truth. I think, and it’s only my opinion, it’s something that is happening right now.
I’m getting ready to open sell position next week- I expect market to try break the resistance at least once.
Please trade carefully.
AUS200 - Trading StrategyAccording to chart analysis, it is a bullish rectangle breakdown so it can be a bullish ride so we have a breakpoint at 7646.12 to make sure. If it did not test this point then strategy 2 will be short.
Plan A: Long
Entry: 7646.12
SL: 7567.88
TP: 7725.74
Plan B: Short
Entry: 7510.22
SL: 7567.88
TP: 7414.14
AUS200 : FUNDAMENTAL ANALYSIS + LONG FORECAST | LONG SETUPAustralia stocks were higher after the close on Thursday, as gains in the IT, Consumer Discretionary and Financials sectors led shares higher.
At the close in Sydney, the S&P/ASX 200 rose 1.10%.
The best performers of the session on the S&P/ASX 200 were Flight Centre Ltd (ASX:FLT), which rose 6.61% or 1.17 points to trade at 18.87 at the close. Meanwhile, Webjet Ltd (ASX:WEB) added 5.83% or 0.31 points to end at 5.63 and Qantas Airways Ltd (ASX:QAN) was up 5.79% or 0.27 points to 4.93 in late trade.
The worst performers of the session were Nickel Mines Ltd (ASX:NIC), which fell 13.17% or 0.19 points to trade at 1.22 at the close. Rio Tinto Ltd (ASX:RIO) declined 7.73% or 9.27 points to end at 110.61 and Beach Energy Ltd (ASX:BPT) was down 5.90% or 0.10 points to 1.60.
Rising stocks outnumbered declining ones on the Sydney Stock Exchange by 857 to 547 and 380 ended unchanged.
The S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, was up 1.91% to 17.12.
Gold Futures for April delivery was down 0.14% or 2.70 to $1,985.50 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in April rose 2.37% or 2.58 to hit $111.28 a barrel, while the May Brent oil contract rose 3.51% or 3.90 to trade at $115.04 a barrel.
