S&P ASX 200(XJO) is expected to dive more than -2%The Index is expected to fall more than -2% in today's opening trades following the sell-off in the Europen and the US trading session.
The Index fell and close -2.25% in yesterday's session and suffered one of the worst trading sessions in months. The continuous spread of coronavirus spooked investors and created a mass exit into safe-haven assets which could continue to drive the stock market into a sell-off mode.
The Index is expected to fall to around 6837.00 and fluctuate at approximately 6896.00 and 6924.90.
Critical price level to watch on this chart is estimated at around 6924.00, 6896.60, 6837.00, and 6752.40