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- Major support - 5020 (resistance turned into support)
- ASX200 breaks major resistance 5075 and jumped till 5105. It is currently trading around 5088.
- On the higher side major resistance is around 5120 and any break above will take the index to next level 5170/5200.
- Any break below major support will drag the index down till 4975/ minor support is around 5075.
- Overall bullish invalidation only below 4850.
Buy ASX200 around 5065-5070 with SL around 5010 for the TP of 5200
