ASX 200 - Pre Market Thoughts
Summary: Selloff from the purple line around 7475 down to 7451 area.
Certainty: Moderate certainty if the level is reached, however market could continue higher.
Chart: 5 min AUS200 for today.
Notes: Friday is often a good day to sell when the market is positioned for sell setups like this one.
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About 9 or 10 points of risk max, before the market went down by over 25 points. The probability on the trade was reasonable making it worthwhile to hold a 15 to 20 point stop. Please disregard the horizontal lines in the results as they are from a future date (going back to post results so data has changed for current trading).