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- Major resistance - 5195 (trend line joining 5732 and 5378)
- Major support - 5075 (resistance turned into support)
- ASX200 has retreated after making a high of 5180. It is currently trading around 5112.
- On the higher side major resistance is around 5195 and any break above will take the index to next level 5230/ minor resistance is around 5130/5160.
- Any break below major support will drag the index down till minor support is around 5100.
- Overall bullish invalidation only below 4850.
Sell ASX200 around 5165-5170 with SL around 5200 for the TP of 5075.
