We can observe Weakness in ASX 200 Stock Index. So we are analysing ASX 200 Stock Index in this blog post with our projected Targets for ASX 200 Stock Index.

After record “all time high” for a related Stock Index viz. S&P 500 Stock Index at 3,588.49 on Wednesday 02-Sep-2020, we can observe the same weakness in S&P 500 Stock Index and ASX 200 Stock Index as well.

At the time of writing our blog post on 6th of September 2020, ASX 200 Stock Index is trading at the price level of 5,884.6. This price level of 5,884.6 has closed below the lower support line of the upward trending channel drawn from the swing low of week number 13 from 23-Mar-2020 to 27-Mar-2020. This close for ASX 200 Stock Index can be regarded as its first signal of weakness.

The 2nd signal of weakness for ASX 200 Stock Index is its close below the immediate two resistance lines drawn from the gaps between weekly close of week number 10 from 02-Mar-2020 to 06-Mar-2020 and next weekly open of week number 11 from 09-Mar-2020 to 13-Mar-2020. It is interesting to note that ASX 200 Stock Index for last 14 weeks has got stuck between these two resistance lines.

Weakness in ASX 200 Stock Index and our Targets

Based on these two weakness in ASX 200 Stock Index, if price goes below price level of 5,814.1,the possible price objectives can be as below:

1. 5,792.8

2. 5,709.9

3. 5,690.7

4. 5,600.0

5. 5,508.5

However, we need to be extremely careful to observe that if this Market is not going below our level of 5,814.1 or if it is coming back, after doing a “Crack and Snap back”, on the lower support line of the upward trending channel and closing above it and its high is being taken out by price then we will reverse our price targets to the upside which we will post next week.

To know the possible answer to this critical question and to take advantage of our proprietary Advance technical analysis so that you can move to the next level in your trading journey and be good at trading the stock market indices, click here.

Our Unique, Proprietary and most accurate Trader Foundation Course has the capability to identify these markets’ price objectives at a regular interval which we share with our Paid Clients.

To Trade Stock Markets Indices in the Professional way and to find out the answers to all your Trading related queries, please contact us at +61 3 9015 4858 and book your FREE discussion session for 30 minutes at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.

At N P Financials, we provide more than 18 different ways to assist you to move to the next level in your Trading. Are you exploring the following offerings? If not, start now doing the same:

  1. Dedicated one-on-one coaching in-house or remote via Skype/ Google hangouts,
  2. Monthly Class(es) in-house or remote via Skype/ Google hangouts,
  3. Technical analysis based on Price Action insights/ interpretation (Bar-by-Bar) and/ or Proprietary Indicators/ Strategies which shall make your life easier if you are serious about trading,
  4. Written Course material (practical, concise and step-by-step guide/ manual) broken down into Modules and Units for your ease,
  5. Plenty of Real Market examples to make your Trading understanding clearer,
  6. Self assessment tasks on almost every aspect of Trading taught as well as expert advice on your completed tasks,
  7. Multi time frame trading model(s) based on momentum swings and market bias,
  8. Mental Skill Sets required for trading including the control of Cognitive Bias, Amygdala and HPA Axis actions affecting Trading,
  9. Screen shots of all possible trade set-ups with analysis and commentary,
  10. Multiple Asset Class evaluations based on Proprietary Market Turning Point indicator,
  11. Instruction based discussions of high Probability Set-ups with advanced position sizing,
  12. Mathematical aspects of Trading including positive expectancy, Money/ Risk Management with Proprietary and Logical stop loss,
  13. Sample Trade Ideas with Outcomes to maximise profit target potential,
  14. Membership portal with Traders’ breakout room to help develop Trading Plans with a Journal,
  15. Trading Videos to consolidate your Learning,
  16. Regular Blog Posts on all aspects of Technical/ Fundamental/ Psychological (Greed/ Fear/ Discipline) Trading,
  17. Answers to all your questions/ queries.
  18. Access to our Principal trader over phone/ email/ online chat/ face-to-face/ Skype/ Google hangouts and much more…

To take advantage of our proprietary technical analysis and to move to the next level in your trading journey, and to be good at trading the stock market indices, click here.

Our Unique, Proprietary and most accurate Trader Foundation Course has the capability to identify these markets’ price objectives at a regular interval which we share with our Paid Clients.

To Trade Stock Markets Indices and Forex Pairs in the Professional way and to find out the answers to all your Trading related queries, please contact us at +61 3 9015 4858 and book your FREE discussion session for 30 minutes at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.

Spread the love