Thursday, 28 March 2013

ASX 200 clearly trending down on daily chart #asx

The ASX 200 daily chart shows a clear down trend. The charts in this post include after hours trade. The cash index closed the shortened trading week at 4980.

Zooming out to the weekly chart shows the index is in the middle of a long term resistance zone, turned possible support. Below 4900 would argue that support has failed.