Yep, it looks like the Index has broken down. But firstly, watch...

Yep, it looks like the Index has broken down.
But firstly, watch for the response to Tuesdays breakdown bar, it needs some form of confirmation of the weakness first.

Keep in mind the XJO does like to overshoot its levels at times, which may be due to the high weighting of the Big Four Banks, Telstra, and BHP and RIO combined.

To your question, the next lower level I will be watching is @6009.5, which is the low of the bar from 2nd May, and had pretty decent volume. It is only a minor level, but if that level is broken it will likely see further supply come in on a domino effect, and push prices lower.

The next lower more decent level I will be watching, is a zone between (roughly) 5950 and 5900

cheers