ChrisWelburn

ASX200 development in the next week(s)

ASX:XJO   S&P/ASX 200
Previous break out of resistance is showing to be relatively strong. New resistance line is shown in green around 5354 with support at 5184 (blue line). If it breaks this support level , an extreme case would be a negative movement to 4893 (red line). If resistance is broken, we would see a much higher high of 2016.
Totally agreed with you.
In my graph I have Fibonacci on :
Sell in May and Stay Away of ASX200
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