Australia’s ASX 200 is testing medium-term support at 4250. Failure would indicate a correction to test primary support at 4000. Bearish divergence and reversal of 21-day Twiggs Money Flow below zero warn of medium-term selling pressure.
3 Replies to “Australia: ASX 200”
Comments are closed.
Hi Colin – the next line of support f0r ASX200 is actually around 4150 – where it touched today. From then on it is 4000.
This is looking ominous. Let’s hope that 4000 holds a bit longer.
Hi again Colin
We still have one month before the next Greek elections!!!!!
If 4000 doesn’t hold then next support is around 3860 and from there 3750 and finally 3200.
Cheers or should I say Good Luck
Barrie Turner