ASX 200 for the 16th June 2019
Since 24th Dec 2018 the index has been in a strong uptrend with few corrections on the way, but it’s making higher highs and higher lows.
The last two days have been indecision days as the close has been near the open of the day but also close to the close on Wednesday that was near the low. The index still looks like it needs more consolidation before taking the high at 6587, so a break close under 6534 will be followed by few days down with first support at previous high at 6510.