Day Trading ASX 200 Index – today’s analysis

Yesterday, Aussie market reached a new high never seen in six years. But that was it because all day long after hitting the level 5561, ASX 200 Index came down to close at 5522. With all the events over night S&P 500 down 1.2% and the plane crash in Ucraine the market is expected to fall. By how much?

You never know before facts but just to meet US fall it should be 5461. The 50% Fib and 200 m.a. in 60 min chart would be good support at 5453.

This could be a false break (the high yesterday) for ASX  200 Index and if true a fast move down should follow. It’s not confirmed yet.