Previously we have given a sell call on the Index and we have seen how drastically the move came in the index in 2 days. We expect this move to continue.
The Dollar Index is appreciating which is bad for the Commodity market and the AUS market is highly correlated to commodity prices so we are seeing this effect on the index.

Any Bounce back in the index would be an opportunity to enter again on the selling side. We expect the bounce back to be seen by a few points. Any bounce with no strong confirmation would be an opportunity to sell on high.

Advice : Sell on Bounce Back, Book Profit from previous call and wait for bounce back.

ASX 200

Sep 21 2021