This is the same ANZ chart I did 16th of June when we saw that unusual volume on the intraday. I've left the old comments on and added new comments in red. If I was going to make a medium term projection I would be looking at the median line of the down trending fork it has been tracking. Todays bar closed lower but in the middle so a little (emphasis on LITTLE) buying but nothing to counter the obvious weakness. It did look like it was making an attempt to support within that band on the chart but even then it was violating support and missing logical target resistance areas. Have to concur with Mitta on banks in general - They have been weak for quite a while now - I might do a vid on banks if I get time on the weekend.
