ASX 200 selling pressure

The ASX 200 found support at 6000 but the bears are not over yet. Thursday’s Hanging Man candle is bearish despite the long tail. Expect another test of support in the week ahead.

ASX 200

The monthly chart gives a long-term perspective. Respect of 6000 would confirm a primary advance. But bearish divergence on Twiggs Money Flow continues to warn of selling pressure.

ASX 200

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