Day Trading ASX 200 – some ideas for today

Here we go again. We are with ASX 200 Index in the resistance band 5511 to 5554.

The S&P 500 index was up 9 points yesterday (I mean last night for Aussie traders) so our ASX 200 future market expects an open at 5535 which is the last high and also this level will brake the trend line again (now at 5519 for today).

I don’t see the Aussie market to go higher than 5541 though, level which is the previous high for ASX 200 index.