Hasn't it already re-traced over 200 points since it hit resistance just shy of 6000 a few weeks back? Unless you are suggesting this rally back up is a dead cat bounce... RBA still has not lowered rates again yet so the markets will likely go nuts again when that happens with a rush in dividend stock buying.
IMO I think there is more in this and it will break through 6000 on news in the broader market after it is just a number and still lower than the GFC highs of around 6800. Personally I found I have made more money going long on the ASX200 than going short recently which may indicate any shorting opportunities are short-term and way too risky to hold overnight with the unpredictability of the US markets.
