FPG AUS200 Market Report May 28, 2025

AUS200 remains in a strong bullish trend, currently around 8456.55. The index is climbing steadily within a well-defined ascending channel and is now nearing a significant resistance zone at 8540.47, which has historically acted as a key turning point for price action.

Price action continues to respect the upward-sloping channel, with consistent higher highs and higher lows since the recovery in early April 2025. The 20-period moving average supports the trend by acting as dynamic support throughout the recent rally. The latest candles show persistent bullish momentum, though approaching a resistance level where previous rallies have stalled.

The Bulls Power (13) indicator registers at 137.59, indicating ongoing bullish pressure, although the histogram is beginning to flatten. This could signal early signs of weakening momentum as the index approaches overextended levels, especially near a historically tested resistance.

Market Observation & Strategy Advice:

1. Resistance Levels: 8540.47, a major barrier that has capped rallies in recent months.

2. Current Position: 8456.55 – Price remains inside a well-formed rising channel, reinforcing the medium-term bullish structure.

3. Momentum Indicators: Bulls Power is positive, but momentum appears to be plateauing. Decreasing volume in recent sessions may indicate reduced conviction among buyers.

4. Strategy Advice:

• Aggressive trade: A clean daily close above 8540.47 may trigger a continuation toward 8620 or even 8700 levels.

• Wait for Pullback: If rejection occurs at the resistance, consider waiting for a pullback to the lower boundary of the channel near 8350 for a more favourable long re-entry.

• Short-Term Reversal Setup: If bearish candles form near 8540.47 with confirming momentum signals, a short-term countertrend trade targeting the 8370–8390 range may be viable.

Market Performance:

Index Last Price % Change

S&P 500 5,921.54 +2.05%

Dow Jones 42,343.65 +1.78%

Today's Key Economic Calendar:

AU: Monthly CPI Indicator

DE: Unemployment Rate

US: MBA 30-Year Mortgage Rate

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.