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S&P/ASX 200

ASX looks set to retrace from resistanceThe ASX 200 cash market enjoyed its most bullish day in seven on Thursday. But like the SPI 200 futures contract, it met resistance before pausing. The daily chart shows that a double top formed around the June 26 high and trend resistance. And as it's not unusual to see a market retrace against a strong move, and we have an NFP report looming which could suppress volatility, we're looking for prices to retrace lower against yesterday's rally. Bears could target the 20-day EMA between the weekly and monthly pivot point, with a stop above yesterday's high.
ASX24:AP1!Short
by CityIndex
Time to enter ASX:CSL ⁉️Last week, CSL management received positive feedback and the stock is currently in a base. While there is no confirmation of a new trend, the risk-reward ratio is favorable to add a small amount and let the market guide for further additions. I will only add up to 50% of my position in the low base, so if the stock fails to reach its all-time high, I will still have some gains to take away. The stock symbol is $ASX:CSL. Disclosure: I am investing in my super account for the first trance  I cannot provide any recommendations to buy or sell. It is essential for you to conduct your own research.
ASX:CSLLong
by Peaceful-Weekend-Investing
1
AU200 ~ Commodities or Follow US Markets? ASX Wants Both! (2H)CAPITALCOM:AU200 chart mapping/analysis. ASX grinding higher into EOY, benefitting from relative strength in global commodities & precious metals. Trading scenarios into EOY: Continued commodity strength + US bullish momentum = rally into 23.6% Fib / ascending trend-line (light blue dotted) confluence zone. Rally would coincide with re-test of bearish breakdown from pennant pattern. Commodity weakness + US market capitulation = re-test of 38.2% Fib, into horizontal line (yellow dashed) / 200SMA / lower range of ascending parallel channel (green dashed) uber confluence zone.
CAPITALCOM:AU200
by BlueHatInvestor
The swing low could be in for the ASX 200 (XJO)The ASX 200 suffered its worst day in 10-week on the final day of May, thanks to weak China PMIs and month-end flows. The first day of June posted a very minor (almost sheepish) gain, but with a positive lead from Wall Street and SPI futures higher by ~0.66% overnight, the ASX is expected to extend its rise from the lows. The fact that the lows formed around a 61.8% Fibonacci ratio 7070 support level alongside a bullish RSI divergence could bode well for bulls over the near-term. From here the bias is bullish above last week's low and for a move to the 7200 area, within the channel. But as the channel appears to be corrective in nature then we also see the potential for it to head for (and break above) the 7300 highs. But as we're a period of the year notorious for fickle price action and lower trading volumes, traders might be wise to remain nimble and seek smaller moves unless a large macro theme arrives worthy of expecting broad-range expansion for global markets.
ASX:XJOLong
by CityIndex
It could be now or never for ASX 200 bullsI suspect it could be a case of now or never for ASX bulls. Whilst it suffered its worst day in 9-weeks on Thursday, this could be part of an ABC correction and the 200-day MA is nearby as a probably support level, even if it breaks lower today. Futures markets shows heavy volume occurred around yesterday's lows (bears piled in around the lows) yet sentiment could rise if a debt ceiling deal is reached as reported, forcing a short-covering rally. Yesterday’s low sits around a 50% retracement and 61.8% projection level, and there is a volume cluster around 7122 during the strong rally which could provide support. Furthermore, RSI (2) is oversold. The bias is bullish above 7090 (below the 200-day MA) and for its next leg higher to begin.
ASX:XJOLong
by CityIndex
1
Sympathy bounce for the ASX 200?Whilst prices are expected to open lower, we’re on guard for a small countertrend bounce. A bullish hammer formed on the daily chart at the lower Bollinger band which found support at the 50% retracement level and 200-day EMA. A bullish divergence has formed on the RSI (2) within the overbought zone. A break above yesterday’s high could potentially see it retest the 7275 low, or the monthly pivot point around 7300. If we managed to bounce that far, we'd then look for signs of weakness for a potential swing trade short, given weak sentiment for global stocks and the tendency for stocks to underperform around this year due to "sell in May and go away" seasonality. A break of yesterday’s low assumes bearish continuation.
ASX:XJOLong
by CityIndex
S&P/ASX200 Will be crashHello we are part of a new community called lucky trading club in tradingview so let's begin our first analysis. Asx200 will be crash, we have a eqh on 7600 with a lot of liquidity it was already taken last friday, also we have an harmonic pattern in the range of 7500-7650. This is asx200 ATH when all institution begin to sell gradually, inflation still growing is the worst australian inflation in 33 years, rba will continue raising interest rates 50bps at 7 February. In ressume a lot of confluences to take this short position. Type of trade: Swing. Entry: 7580-7650 Our targets Target 1: 7450 Target 2: 7300 Target 3: 7000 Target 4: 6850 Max x20
EIGHTCAP:ASX200Short
by luckytradingclub