Day Trading ASX 200 Index – Outlook for today 4th of July 2014

Amazing what a turn around in our market due to US strength. Fundamentally in local market nothing has changed apart for a bit of increase in iron price.

Anyway, ASX 200 Index is’t getting close to the upper side of the range I mansion before which is 5512 to 5550. Also there is the upper trend line today at 5525.

Closing above it would make me bullish. On the downside immediate support is at 5480 then 5468.