ASX200 breaks major resistance at 5510, jump till 5625/5700

• Major intraday support - 5438.(100-HMA)
   
• Major resistance - 5505 (Oct 11th 100- day MA).
   
• The index broken major resistance 5510 and jumped till 5521 at the time of writing. It is currently trading around 5519.
   
• ASX200 trades slightly above major resistance 5510 and a jump till 5625/5700 is possible.
   
• On the higher side, resistance is  at 5505 and any break above targets 5548/5625/5700.
   
• •The major support is around 5420 (100- day MA) and break below targets 5319 (21- day MA)/5303 in the short term.

It is good to buy on dips around 5500 with  SL at 5435 for the TP of 5625/5700.