Monthly chart shows the ASX 200 rallying from support at the up trend line drawn from the lows of 2009 and 2011. I still consider the move from the 2009 low to be an upwards correction, that will at some point be fully retraced by a plunge to below the 2009 low. But in the short term, especially while the market remains above that trend line, I will respect its ability to rally. Charts include all sessions trade.
Daily chart next. A bit scrappy but the down trend channel remains a useful edge. Currently the market is arguably range bound, testing toward the upper end of the range.