Miners are undergoing a correction. Breach of the rising trendline and support at 3500 on the ASX 300 Metals & Mining index would warn that the up-trend is losing momentum.
Banks continue their bearish down-trend, respect of the declining trendline warns of another test of primary support at 8000. Breach would signal a primary decline.
The ASX 200 will follow if banks and miners, the two biggest sectors, fall. Bearish divergence on the Trend Index continues to warn of long-term selling pressure. Breach of support at 5800 would signal a primary down-trend.