The market closes on a poor note.
Sup: 5033,4998*,4978,4955*
Res: 5063,5075,5086*,5093,5102
Whilst the market closed on a poor note today tracing out what is at face value to be an outside reversal day (higher high, lower low and close below the previous days range) further weakness through support at 4998 would need to occur to re-instate a clearly bearish short term picture.
Ongoing consolidation above 5045 over coming days would be positive as would renewed price action above Fibonacci resistance at 5086.
Fair Values:
SPI200 over ASX200 -4.5
Dec SPI over Sept SPI +35.5
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