ASX 200 retreats

The ASX 200 broke down below its recent consolidation, signaling another test of support at 5600. There is no indication on Twiggs Money Flow of unusual selling pressure and at present I expect support to hold.

ASX 200

* Target medium-term: 5800 + ( 5800 – 5600 ) = 6000

2 thoughts on “ASX 200 retreats

  1. Sam Phillips says:

    Thank you Colin, as always I appreciate your thoughts. The materials and mining giants, RIO & BHP have seen some fairly heavy selling in recent days, and that selling continued overnight in the US & Europe. If you see anything of interest on the XMM index, or on RIO & BHP it may be of interest to your followers (and myself).

    Best regards,

    Sam

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