Below is a weekly chart of the ASX 200. It definitely looks to...

Below is a weekly chart of the ASX 200.

It definitely looks to be continuing from where it left off, with the mid-Q1 DCB all but complete. The 23.6Fib retracement (5809) down to 5790 to provide some support, however PA should still break below this area, if not, before a bounce to a lower-high. Weekly momentum remains INCREASINGLY BEARISH since mid-Q1, with further acceleration to the downside this week. Probable further falls from here.

The MACD formed a bearish down-cross several weeks ago, since with an expanding negative histogram. A histogram break below -37.0 would be further confirmation of bearish momentum. The Stochastic has formed bearish lower-highs since the start of 2018, and has since continued its descent. Descent steepened further away from the TL during the week.

Enjoy the momentum commentary below. All in my opinion..