FPG AUS200 Market Report April 9, 2025

AUS200 is currently in a strong bearish correction, with price traded around 7421.10, significantly below the key resistance at 7920.28. Although theres a visible rebound from the 7209.32 support zone, the long-term structure remains under pressure following a multi-week selloff, pushing the index well below its moving averages and expanding Bollinger Bands to the downside.

After a sharp bearish breakdown in mid-March 2025, the index found temporary support at 7209.32, triggering a mild bounce. However, the price remains below the midline of the Bollinger Bands and the 20-week moving average, indicating a continuation of bearish pressure. The Bollinger Bands are widening, a classic sign of rising volatility and continuation potential of the downtrend.

Bulls Power (13) currently reads at -301.00, signaling continued dominance of bearish sentiment. Volume has slightly increased on the latest bullish candle, which may suggest profit-taking or a minor retracement, rather than a trend reversal. The overall structure shows lower highs and lower lows, keeping the bearish trend intact on the weekly timeframe.

Market Observation & Strategy Advice:

1. Key Resistance Level: 7920.28 – A decisive weekly close above this zone is needed to confirm trend reversal.

2.Current Position: 7421.10 – Price is retracing within a bearish context; this could be a dead cat bounce.

3. Support Level: 7209.32 – Critical support; a break below would open further downside toward the 7000 psychological zone.

4. Momentum Indicator: Bulls Power at -301.00 indicates weak bullish attempts and prevailing bearish momentum.

5. Trading Strategy: Bearish setups remain favored below 7421.10, with short opportunities targeting 7209.32 and stops above 7550; a bullish reversal requires strong close above 7920.28, ideally with rising volume and positive divergence.

Market Performance:

Index Last Price % Change

S&P 500 4,982.77 -1.57%

Dow Jones 37,645.59 -0.84%

Nasdaq 15,267.91 -2.15%

Todays Key Economic Calendar:

JP: Consumer Confidence

US: MBA 30-Year Mortgage Rate

US: FED Barkin 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.