ASX 200 monthly chart technical analysis November 2016 ASX 200 index on last trading session closed at 5311 with loss. ASX after breakdown below 5430 achieved its downside first target of 5295. Below 5295, asx next major support as well as downside targets will be 5205. Asx November monthly trend and momentum both are absolute down and there still downside left for this index. Around 5200 level ASX future will be best short to medium term buy for targets 5295 and then 5430. ASX 200 weekly chart showing very bearish price pattern as well as indicators pattern and below 5400, index will be bearish and heading toward medium to long term target of 4850.