S&P ASX 200 Index closed Friday's session at 5755.70 -95.4 down 1.63%. The Index was dragged down by the Major banks following a three day surged, which saw the big four banks share prices rose more than 20%.
The Index broke through a significant price point around 5865.00 at the end of last week's session but failed to hold and retreated, closing the trading week at 5755.70. 5865.00 is the crucial resistance point to watch in the future sessions; it is more likely to correlate to the break-out point in February 2019. The primary support levels are estimated at 5735.00, 5660.00, 5534.00
The Index broke through a significant price point around 5865.00 at the end of last week's session but failed to hold and retreated, closing the trading week at 5755.70. 5865.00 is the crucial resistance point to watch in the future sessions; it is more likely to correlate to the break-out point in February 2019. The primary support levels are estimated at 5735.00, 5660.00, 5534.00