ASX is approaching our first resistance at 6220.5 (61.8% Fibonacci extension, 50% Fibonacci retracemen, Horizontal swing high resistance) where a strong drop might occur below this level pushing price down to our major support at 6170.1 (100% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal swing low support). Stochastic is also approaching resistance where we might see a drop in price.