Index

S&P-ASX 200 may fall to 7320.00 - 7495.00

2024-05-31

Pivot

7900.00

Our preference

Short positions below 7900.00 with targets at 7495.00 & 7320.00 in extension.

Alternative scenario

Above 7900.00 look for further upside with 8000.00 & 8150.00 as targets.

Comment

As long as 7900.00 is resistance, expect a return to 7495.00.

Supports and resistances

8150.00 *

8000.00 ***

7900.00 ***

7701.00 Last

7495.00 ***

7320.00 ***

7120.00 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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