AUS200 BACK INTO SUPPORT
S&P/ASX 200 ASX:XJO
Very similar to the S&P500 we can see that the AUS200 index is heading towards a key area of interest. We can see a supporting trendline starting back in 2016 has been effective up until now and we should expect that to continue. Adding more confluence to the chart we can see a key horizontal support at 5980.0 where we will be watching the market for any bullish patterns for a long opportunity.