FPG AUS200 Market Report January 9, 2025

AUS200 is traded around 8300.87, navigating between the 50.0 and 61.8 Fibonacci retracement levels. Bearish momentum is emerging as the index struggles to sustain its bullish trend.

AUS200 has retreated after reaching a peak, with prices hovering around the 8300.87 level. The index is currently constrained within the 50.0% and 61.8% Fibonacci retracement levels, suggesting consolidation. The Bears Power indicator at 30 signals growing bearish strength, though the price remains supported by previous bullish momentum. Key resistance levels are observed around 8333.50, while support levels lie at 8226.90. A breakout above 8333.50 could reignite bullish momentum, while a failure to hold 8226.90 might indicate further bearish pressure.

Market Observation & Strategy Advice:

1. Monitor around 8333.50 resistance level, as a breakout above this point could signal a continuation of bullish momentum.

2. Watch for a pullback toward the 8226.90 support level, as a break below this may confirm increased bearish pressure.

3. Bears Power indicator at 30 suggests growing bearish strength, warranting caution for long positions.

4. Consider range trading strategies between 8226.90 and 8333.50, given current consolidation within the Fibonacci levels.

5. Implement risk management techniques, such as stop-loss orders, as volatility may increase around key support and resistance levels.

Market Performance:

Index Last Price % Change

S&P 500 5918.26 +0.16%

UK100 8251.02 +0.07%

JP225 39762.71 -0.55%

Todays Key Economic Calendar:

AU: Balance of Trade

EU: Retail Sales YoY

US: Fed Harker Speech

Risk Disclaimer This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.