Australia ASX200 testing 4600

Australian ASX200 is retesting 4600 again, heading for a retest of the High on 21st June at 4622. ASX200 signalled a BUY back on 20th July with a move and close above the Daily 20ema at 4400. ASX200 has now closed above the 50ema(4480) for 12 days. The 10ema (4526) > 50ema(4480) gave another BULLISH signal on 29th July.  517pt move over 24 days from 6th July low 4182 to High on today  4599 has limited upside with Resistance at 4600 and Slow Stoc over bought at 90.

BEAR View
ASX200 stalls around 4600 level, then falls to 4000 by the end of October

BULL View
ASX finds support at 50ema (4480) level before moving up to test 5000 in the Autumn

Date	Trade	Price	Stop	Target	Profit
23Jul	BUY	4444	4480	5000	£1510