Australia 200
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ASX in a trend of lower highs.

ASX200 - 24h expiry - We look to Sell at 7210 (stop at 7260)

Posted a Double Bottom formation.
Neckline comes in at 7133.
We are trading at overbought extremes.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
The 200 day moving average should provide resistance at 7210.

Our profit targets will be 7085 and 7010

Resistance: 7215 / 7435 / 7600
Support: 7010 / 6825 / 6660

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