ASX future weekly technical analysis for 28 march to 1 april 2016
ASX index this week closed with loss. My target 5300 is just missed by 28 points. Index hit high at 5272. Weekly chart price trend is bullish but momentum is topped out so expect corrective moves. On downside, for asx5125 is major support and below it expect deep downside up to 4950. Reversal from 5125 means upside up to 5300. On weekly chart candlestick pattern and indicators clearly suggesting peak out for this market.