Weekend Charting and Chat - 26th August 2016, page-3

The XJO closed lower on Friday, where spread and volume both increased (although the volume may have included some spillover, from Thursday's expiry day), and the close was poor.   It is possibly encouraging that price still remains within the range of last Tuesday's wider spread bar (just), as it could easily have closed below it.
So the Index again moved lower, dropping below the green SR box, and is now back within the previous sideways trading range after making a brief, and relatively weak, attempt to breakout above that zone.
There are numerous potentially supportive levels below, which may be tested should price continue lower- 5498.7 & 5483.7 being the closest to the current price, then the more important levels of 5465.7 (the purple breakdown line), followed by 5439.8.