Monday, 24 August 2015

ASX 200 slices lower through 5000, continuing journey toward 2500

Monthly chart shown below for the ASX 200, including after hours trade. Each move below trend line support raises the odds for this scenario. For the ASX 200 I will only post this chart tonight, as those trend line breaks are huge, and shorter term charts will not add value. Favour lower levels in coming weeks and months, especially if the market remains below the blue trend line.