As I was saying last week there was a small break above the 15 MA but I said I suspected that the market was likely to end the week back below the critical 5,300 level and that it did. We now have all three indicators crossed down and there was heavy selling in the U.S. so our target support is 5,200 so lets see if we close below that. If we do then we could well see a quick move down to the major 5,000 support. Lets see. I will do a post through the week if I see anything interesting.
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