Below is a weekly chart of the ASX 200. Next week could see some...

Below is a weekly chart of the ASX 200.

Next week could see some interesting moves as weekly momentum has recently turned INCREASINGLY BEARISH. The ASX is probably in the process of completing its own DEAD CAT BOUNCE, and break below 5800 support on INCREASINGLY BEARISH weekly momentum. This would be further confirmation that the PA experienced during the Q4 to early-Q1 period was a FALSE BREAKOUT, and could expect to see further downside in PA over the next several weeks. IMHO..

The MACD formed a bearish down-cross a few weeks ago, since with an expanding negative histogram. A histogram break below -37.0 could be further confirmation of bearish momentum. The Stochastic formed bearish lower-highs since the start of 2018, and down-crossed the 80.0 line - indicating overbought conditions - a couple weeks ago. Descent steepened during the week.

After a bounce - should probably head lower.