{"id":47366,"date":"2024-01-17T07:52:21","date_gmt":"2024-01-17T07:52:21","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=47366"},"modified":"2024-01-17T07:52:21","modified_gmt":"2024-01-17T07:52:21","slug":"asx-200-tests-support-2","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/17\/asx-200-tests-support-2\/","title":{"rendered":"ASX 200 tests support"},"content":{"rendered":"<p>The ASX 200 retreated from resistance at the high of 7600 and is now testing support at 7400. Breach would warn of a correction to test primary support at 6750.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-17--xjo.png?resize=525%2C404&#038;ssl=1\" alt=\"ASX 200\" width=\"525\" height=\"404\" \/><\/p>\n<p>The Financials Index has similarly retreated from resistance at 6800. Reversal below 6650 would warn of a correction.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-17-xfj.png?resize=525%2C404&#038;ssl=1\" alt=\"ASX 200 Financials\" width=\"525\" height=\"404\" \/><\/p>\n<p>The A-REIT Index would likewise warn of a correction to test 1200 if support at 1440 is breached. The recent rally was in response to falling long-term bond yields.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-17-xpj.png?resize=525%2C404&#038;ssl=1\" alt=\"ASX 200 REITs\" width=\"525\" height=\"404\" \/><\/p>\n<p>The correction in yields is secondary in nature and is unlikely to reverse the long-term up-trend. Further increases in long-term yields are expected to weaken A-REITs.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/10-year-australian-government-bond-yield.gif?resize=525%2C392&#038;ssl=1\" alt=\"10-Year AGB Yield\" width=\"525\" height=\"392\" \/><\/p>\n<p>Healthcare also rallied strongly in the past two months but could reverse if long-term bond yields strengthen.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-17-xhj.png?resize=525%2C404&#038;ssl=1\" alt=\"ASX 200 Healthcare\" width=\"525\" height=\"404\" \/><\/p>\n<p>Consumer Staples are in a strong down-trend. Breach of support at 11500 would warn of another decline.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-17-xsj.png?resize=525%2C404&#038;ssl=1\" alt=\"ASX 200 Staples\" width=\"525\" height=\"404\" \/><\/p>\n<p>Discretionary has surprised to the upside, breaking resistance at 3200. A Trend Index trough at zero indicates buying pressure. Retracement that respects the new support level would signal a further advance.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-17-xdj.png?resize=525%2C404&#038;ssl=1\" alt=\"ASX 200 Discretionary\" width=\"525\" height=\"404\" \/><\/p>\n<p>Energy rallied to test resistance at 11000 but a Trend Index peak below zero warns of selling pressure. Another test of primary support at 10000 is likely.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-17-xej.png?resize=525%2C404&#038;ssl=1\" alt=\"ASX 200 Energy\" width=\"525\" height=\"404\" \/><\/p>\n<p>The All Ordinaries Gold Index fell sharply as the US Dollar strengthened. Follow-through below 6500 would warn of another test of support at 6000.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-17-xgd.png?resize=525%2C404&#038;ssl=1\" alt=\"All Ordinaries Gold Index\" width=\"525\" height=\"404\" \/><\/p>\n<p>The ASX 300 Metals &amp; Mining Index is falling sharply as China&#8217;s recovery falters. Another test of primary support at 5600 is likely.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-17-xmm.png?resize=525%2C404&#038;ssl=1\" alt=\"ASX 300 Metals &amp; Mining\" width=\"525\" height=\"404\" \/><\/p>\n<h2>China<\/h2>\n<p>Rate cuts and measures to stimulate the Chinese economy have been modest as the PBOC is trying to protect the Yuan from further depreciation against the US Dollar.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-01-17-cny.png?resize=525%2C404&#038;ssl=1\" alt=\"ASX 200 Discretionary\" width=\"525\" height=\"404\" \/><\/p>\n<p>The result is slowing growth and deflation as weak demand persists.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/inflation-china-and-india.gif?resize=525%2C410&#038;ssl=1\" alt=\"China &amp; India Inflation\" width=\"525\" height=\"410\" \/><\/p>\n<h2>Conclusion<\/h2>\n<p>Falling long-term bond yields have boosted Financials, REITs, Health Care and Consumer Discretionary sectors but the correction in yields is secondary and we expect this to reverse in 2024.<\/p>\n<p>The Metals &amp; Mining sector is falling sharply as China struggles to overcome weak demand while at the same time protecting the Yuan from further depreciation against the Dollar.<\/p>\n<p>Our overall outlook for the ASX 200 remains bearish. Breach of support at 7400 would warn of a correction to test primary support from the October 2022 low at 6750.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ASX 200 retreated from resistance at the high of 7600 and is now testing support at 7400. Breach would warn of a correction to test primary support at 6750. The Financials Index has similarly retreated from resistance at 6800. Reversal below 6650 would warn of a correction. The A-REIT Index would likewise warn of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/17\/asx-200-tests-support-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;ASX 200 tests support&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,31,46,3761,10,13,28],"tags":[6244,166,251,6243,252,4003,254,4149,6072,262,663,1828],"class_list":["post-47366","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-the-fed-banks-interest-rates","category-deficit-spending-employment","category-gdp-and-activity","category-housing-economy","category-inflation-economy","category-taxes-inequality","tag-10-year-agb-yield","tag-all-ordinaries-gold-index","tag-asx-200","tag-asx-200-discretionary","tag-asx-200-energy-xej","tag-asx-200-financials","tag-asx-200-health-care","tag-asx-200-reits","tag-asx-200-staples","tag-asx-300-metals-mining","tag-china","tag-inflation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ASX 200 tests 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 tests support - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The ASX 200 retreated from resistance at the high of 7600 and is now testing support at 7400. Breach would warn of a correction to test primary support at 6750. The Financials Index has similarly retreated from resistance at 6800. Reversal below 6650 would warn of a correction. The A-REIT Index would likewise warn of &hellip; Continue reading &quot;ASX 200 tests support&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/17\/asx-200-tests-support-2\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-17T07:52:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.incrediblecharts.com\/images\/2024\/2024-01-17--xjo.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/01\\\/17\\\/asx-200-tests-support-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/01\\\/17\\\/asx-200-tests-support-2\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"ASX 200 tests support\",\"datePublished\":\"2024-01-17T07:52:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/01\\\/17\\\/asx-200-tests-support-2\\\/\"},\"wordCount\":353,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/01\\\/17\\\/asx-200-tests-support-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2024\\\/2024-01-17--xjo.png\",\"keywords\":[\"10-Year AGB Yield\",\"All Ordinaries Gold Index\",\"ASX 200\",\"ASX 200 Discretionary\",\"ASX 200 Energy [XEJ]\",\"ASX 200 Financials\",\"ASX 200 Health Care\",\"ASX 200 REITs\",\"ASX 200 Staples\",\"ASX 300 Metals &amp; Mining\",\"China\",\"Inflation\"],\"articleSection\":[\"Australia &amp; NZ\",\"Banks &amp; Interest Rates\",\"Deficit Spending &amp; Employment\",\"GDP and Activity\",\"Housing\",\"Inflation\",\"Taxes &amp; Inequality\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/01\\\/17\\\/asx-200-tests-support-2\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/01\\\/17\\\/asx-200-tests-support-2\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/01\\\/17\\\/asx-200-tests-support-2\\\/\",\"name\":\"ASX 200 tests support - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/01\\\/17\\\/asx-200-tests-support-2\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/01\\\/17\\\/asx-200-tests-support-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2024\\\/2024-01-17--xjo.png\",\"datePublished\":\"2024-01-17T07:52:21+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/01\\\/17\\\/asx-200-tests-support-2\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/01\\\/17\\\/asx-200-tests-support-2\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/01\\\/17\\\/asx-200-tests-support-2\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2024\\\/2024-01-17--xjo.png\",\"contentUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2024\\\/2024-01-17--xjo.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2024\\\/01\\\/17\\\/asx-200-tests-support-2\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ASX 200 tests support\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. Strategic. Unfiltered. \",\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/thepatientinvestor.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\",\"name\":\"The Patient Investor Pty Ltd\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"The Patient Investor Pty Ltd\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/profile.php?id=61572934660810\",\"https:\\\/\\\/www.instagram.com\\\/colin_thepatientinvestor\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\",\"name\":\"Colin Twiggs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g\",\"caption\":\"Colin Twiggs\"},\"description\":\"Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients. Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter. Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\\\/2009 and 2020 bear markets well ahead of actual events.\",\"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\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"ASX 200 tests support - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"ASX 200 tests support - the patient investor","og_description":"The ASX 200 retreated from resistance at the high of 7600 and is now testing support at 7400. Breach would warn of a correction to test primary support at 6750. The Financials Index has similarly retreated from resistance at 6800. Reversal below 6650 would warn of a correction. The A-REIT Index would likewise warn of &hellip; Continue reading \"ASX 200 tests support\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/17\/asx-200-tests-support-2\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_author":"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","article_published_time":"2024-01-17T07:52:21+00:00","og_image":[{"url":"https:\/\/www.incrediblecharts.com\/images\/2024\/2024-01-17--xjo.png","type":"","width":"","height":""}],"author":"Colin Twiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Colin Twiggs","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/17\/asx-200-tests-support-2\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/17\/asx-200-tests-support-2\/"},"author":{"name":"Colin Twiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454"},"headline":"ASX 200 tests support","datePublished":"2024-01-17T07:52:21+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/17\/asx-200-tests-support-2\/"},"wordCount":353,"commentCount":0,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/17\/asx-200-tests-support-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2024\/2024-01-17--xjo.png","keywords":["10-Year AGB Yield","All Ordinaries Gold Index","ASX 200","ASX 200 Discretionary","ASX 200 Energy [XEJ]","ASX 200 Financials","ASX 200 Health Care","ASX 200 REITs","ASX 200 Staples","ASX 300 Metals &amp; Mining","China","Inflation"],"articleSection":["Australia &amp; NZ","Banks &amp; Interest Rates","Deficit Spending &amp; Employment","GDP and Activity","Housing","Inflation","Taxes &amp; Inequality"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/17\/asx-200-tests-support-2\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/17\/asx-200-tests-support-2\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/17\/asx-200-tests-support-2\/","name":"ASX 200 tests support - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/17\/asx-200-tests-support-2\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/17\/asx-200-tests-support-2\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2024\/2024-01-17--xjo.png","datePublished":"2024-01-17T07:52:21+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/17\/asx-200-tests-support-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/17\/asx-200-tests-support-2\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/17\/asx-200-tests-support-2\/#primaryimage","url":"https:\/\/www.incrediblecharts.com\/images\/2024\/2024-01-17--xjo.png","contentUrl":"https:\/\/www.incrediblecharts.com\/images\/2024\/2024-01-17--xjo.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2024\/01\/17\/asx-200-tests-support-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"ASX 200 tests support"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. Strategic. Unfiltered. ","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454","name":"Colin Twiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","caption":"Colin Twiggs"},"description":"Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients. Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter. Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events.","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-cjY","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":26739,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/07\/10\/asx-correction-alert\/","url_meta":{"origin":47366,"position":0},"title":"ASX correction alert","author":"Colin Twiggs","date":"July 10, 2021","format":false,"excerpt":"The ASX 200 continues to test support at 7200; breach would warn of a correction. Follow-through below 7000 would offer a target of 6500. Trend Index troughs above zero indicate long-term buying pressure but there are two major headwinds on the radar. First, is China's credit contraction, increasing the risk\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26528,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/06\/26\/asx-short-term-bearish-long-term-bullish\/","url_meta":{"origin":47366,"position":1},"title":"ASX short-term bearish, long-term bullish","author":"Colin Twiggs","date":"June 26, 2021","format":false,"excerpt":"The ASX 200 is retracing to test support at 7000 but Trend Index troughs above zero indicate longer-term buying pressure. Respect of support is likely and would confirm a fresh advance. Financial Markets Rising bond ETFs (BOND, IAF & VAF) signal weakening long-term interest rates. Low rates buoyed A-REITs and\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58669,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/10\/24\/asx-200-sectors-diverge\/","url_meta":{"origin":47366,"position":2},"title":"ASX 200 sectors diverge","author":"Colin Twiggs","date":"October 24, 2024","format":false,"excerpt":"Descending Trend Index peaks on the ASX 200 warn of secondary selling pressure. A breach of support at 8200 would warn of a correction, with a target of 8000. Financials remain the strongest sub-index, headed for another test of resistance at 8600. Breakout would offer a medium-term target of 9200.\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"ASX 200 Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-24-xjo.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-24-xjo.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-10-24-xjo.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":26197,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/06\/06\/asx-breakout\/","url_meta":{"origin":47366,"position":3},"title":"ASX breakout","author":"Colin Twiggs","date":"June 6, 2021","format":false,"excerpt":"The ASX 200 broke through resistance at 7200, signaling a fresh primary advance. Target for the breakout is 80001. Bond ETFs continue their sideways ranging pattern, suggesting no upward pressure on long-term interest rates. Financials broke through resistance at 6500, signaling another advance with a target of 80002. ASX 300\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26867,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/07\/16\/iron-ore-saves-asx-from-correction\/","url_meta":{"origin":47366,"position":4},"title":"Iron ore saves ASX from correction","author":"Colin Twiggs","date":"July 16, 2021","format":false,"excerpt":"Iron ore rallied to test resistance at $220\/ton1. Breakout would signal another advance, with a target of $2602. ASX 300 Metals & Mining broke through resistance at 6000, signaling a fresh advance with a long-term target of 70003. Rising Trend Index troughs confirm buying pressure. ASX 200 The ASX 200\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26636,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/07\/03\/asx-hesitant-3\/","url_meta":{"origin":47366,"position":5},"title":"ASX hesitant","author":"Colin Twiggs","date":"July 3, 2021","format":false,"excerpt":"The ASX 200 continues to test support but Trend Index troughs above zero indicate longer-term buying pressure. Respect of support at 7000 is likely and would confirm a fresh advance. Financial Markets Bond ETFs (BOND, IAF & VAF) are still rising but short-term weakness warns that long-term interest rates may\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; 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\/47366","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=47366"}],"version-history":[{"count":1,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/47366\/revisions"}],"predecessor-version":[{"id":47368,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/47366\/revisions\/47368"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=47366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=47366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=47366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}