{"id":17670,"date":"2018-12-15T00:18:55","date_gmt":"2018-12-15T00:18:55","guid":{"rendered":"http:\/\/thepatientinvestor.com\/?p=17670"},"modified":"2018-12-15T00:24:09","modified_gmt":"2018-12-15T00:24:09","slug":"asx-200-breaks-support-4","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2018\/12\/15\/asx-200-breaks-support-4\/","title":{"rendered":"ASX 200 breaks support"},"content":{"rendered":"

The ASX 200 broke primary support at 5650, signaling a down-trend. Trend Index peaks at zero warn of selling pressure. Expect retracement to test the new resistance level but respect of 5750 is likely and would confirm a bear market. Target for a primary decline is 5000.<\/p>\n

\"ASX<\/p>\n

ASX 300 Metals & Mining Index found support at 3400 but declining Trend Index peaks warn of selling pressure. Follow-through below 3400 would confirm a primary down-trend.<\/p>\n

\"ASX<\/p>\n

A falling housing market and declining construction are dragging the market lower. Banks are the catalyst. Tightening credit standards in response to the Royal Commission and pressure from APRA are slowing lending and likely to lead to a contraction. Broad money growth is slowing sharply.<\/p>\n

\"RBA:<\/p>\n

Unfortunately the alternative is far worse. A blow-off of the credit-fueled property bubble would threaten stability of the financial system.<\/p>\n

The ASX 300 Banks Index broke long-term support at 7000, warning of another decline. Trend Index peaks below zero indicate selling pressure. Expect retracement to test the new resistance level but respect is likely and would confirm another primary decline. The long-term target is 5000.<\/p>\n

\"ASX<\/p>\n

I have been cautious on Australian stocks, especially banks, for a while, and hold 40% cash in the Australian Growth<\/a> portfolio.<\/p>\n","protected":false},"excerpt":{"rendered":"

The ASX 200 broke primary support at 5650, signaling a down-trend. Trend Index peaks at zero warn of selling pressure. Expect retracement to test the new resistance level but respect of 5750 is likely and would confirm a bear market. Target for a primary decline is 5000. ASX 300 Metals & Mining Index found support … <\/p>\n

Continue reading “ASX 200 breaks support”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,57],"tags":[251,260,262],"class_list":["post-17670","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-stock-markets","tag-asx-200","tag-asx-300-banks","tag-asx-300-metals-mining"],"yoast_head":"\nASX 200 breaks support - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASX 200 breaks support - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The ASX 200 broke primary support at 5650, signaling a down-trend. Trend Index peaks at zero warn of selling pressure. Expect retracement to test the new resistance level but respect of 5750 is likely and would confirm a bear market. Target for a primary decline is 5000. 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He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-4B0","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":17695,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/01\/04\/asx-awaits-bear-market-confirmation\/","url_meta":{"origin":17670,"position":0},"title":"ASX awaits bear market confirmation","author":"Colin Twiggs","date":"January 4, 2019","format":false,"excerpt":"The ASX 200 is testing the former band of primary support between 5650 and 5750. Respect is likely and would confirm a bear market for Australian stocks. Target for a primary decline is 5000. ASX 300 Metals & Mining Index is testing primary support at 3400. Declining Trend Index peaks\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19476,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/11\/22\/asx-200-banks-break-support\/","url_meta":{"origin":17670,"position":1},"title":"ASX 200: Banks break support","author":"Colin Twiggs","date":"November 22, 2019","format":false,"excerpt":"ASX 300 Banks index broke support at 7600, signaling a correction to test primary support at 6750. Declining peaks on the Trend Index confirm selling pressure. The ASX 200 REITs index has formed a bearish descending triangle. Breach of support at 1600 would warn of a correction. It seems unlikely\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54730,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/06\/20\/asx-200-financials-stand-out\/","url_meta":{"origin":17670,"position":2},"title":"ASX 200 Financials stand out","author":"Colin Twiggs","date":"June 20, 2024","format":false,"excerpt":"A number of ASX sectors are testing resistance, threatening an up-trend, but declining Trend Index peaks warn of selling pressure. Most bullish is the Financials sector, which is one of the few to reflect buying pressure. Utilities enjoyed a strong up-trend but now warns of selling pressure. Energy is the\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-06-19-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-06-19-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-06-19-xjo.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":17411,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/11\/16\/banks-asx-200\/","url_meta":{"origin":17670,"position":3},"title":"Banks threaten ASX 200 fall","author":"Colin Twiggs","date":"November 16, 2018","format":false,"excerpt":"The ASX 300 Banks Index is testing primary support at 7000. Declining peaks on the Trend Index warn of selling pressure. Breach of 7000 would signal another primary decline with a long-term target of 5000. ASX 300 Metals & Mining Index continues to consolidate between 3500 and 4000. Breach of\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17663,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/12\/07\/asx-200-tests-primary-support\/","url_meta":{"origin":17670,"position":4},"title":"ASX 200 tests primary support","author":"Colin Twiggs","date":"December 7, 2018","format":false,"excerpt":"The ASX 200 continues to flirt with primary support at 5650. Money Flow is still comfortably above zero, indicating strong support. But breach of 5650 would signal a primary down-trend, offering a target of 5000. The two largest sectors are already in a primary down-trend. ASX 300 Metals & Mining\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17059,"url":"https:\/\/thepatientinvestor.com\/index.php\/2018\/09\/15\/asx-200-correction-to-test-6000\/","url_meta":{"origin":17670,"position":5},"title":"ASX 200: Correction to test 6000","author":"Colin Twiggs","date":"September 15, 2018","format":false,"excerpt":"The ASX 300 Banks index continues to test support at 7700. Declining Trend Index warns of medium-term selling pressure. Breach of support is likely and would signal a test of primary support at 7300. The ASX 300 Metals & Mining index is also headed for a test of primary support,\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=17670"}],"version-history":[{"count":3,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17670\/revisions"}],"predecessor-version":[{"id":17673,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/17670\/revisions\/17673"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=17670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=17670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=17670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}