| Weekly Trend: | Down | |
| Daily Trend: | Down | |
| Daily Momentum: | ___ | Down |
Todays dive was enough to slap momentum back into line with the daily and weekly trends. Our contention that a move through the May 7th lows seems on the cards, indeed today was the lowest close since September 7th last year. More weakness should follow through in the coming days but there are two technical signals to be watchful of (refer to tonights ASX-200 review) that may be setting the market up for a bounce. We view any such bounce as a selling opportunity with larger downside targets circa 4000 probable.
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