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ASX200 breaks major support 5340, decline till 5250/5235 is poss

Wednesday, June 1, 2016 2:59 AM UTC

Major resistance - 5430
Major intraday Support - 5340 (21 day MA)
ASX200 has broken major support at 5340 and declined till 5303. It is currently trading at 5308.
Short term trend is slightly bearish as long as resistance 5430 holds.
On the higher side any break above 5380 will take the index to 5400/5430/5485.The minor resistance is around 5360.
Any break below 5300 targets /5250/5235.

It is good to sell on rallies around 5360-65 with SL around 5400 for the TP of 5250/5235.

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ASX200 breaks major support 5340, decline till 5250/5235 is poss

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