Prices need to trade through 5072 to create a breakdown.
Sup: 5079,5072*,5061,5033
Res: 5103,5115*,5128*,5144,5167*
Prices traded through the 5072 support today but recovered to close above it.
The market at this point appears vulnerable to further unfolding decline, with renewed price action below 5072 needed to provide a bearish indication.
A close below this level would begin to create a structure that would then be favourable to ongoing decline that takes prices through the 4758 June low.
A recovery through resistance at 5128 needs to occur to negate the downside risk and suggest a retest of the important 5167 resistance.
Fair Values:
SPI200 over ASX200 +4.9
Dec SPI over Sep SPI +25.0
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Last
7,889.6 |
Change
72.800(0.93%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,816.8 | 7,902.6 | 7,816.8 |
| XJO (ASX) Chart |