Looks like the ASX 200 is currently trending downwards trading within a channel with good upper and lower range. Short-term rebound is expected towards the channel ceiling, however with bearish pressure towards a strong support at around 5635. Additional shorting opportunity "may arise" when a downward break through the upward trending RSI (from 06/06/17 05;00 to 08/06/17 00;00).
Comment:
Update: A slight breakout on the 14th June outside of the downward channel, but falls back within once it reaches a solid resistance point at 5,833. Looks like the downward trend still holds at this stage.