A day of misery on the markets as the ASX 200 slides back by 0.75%. It's certainly been a rough ride for the mining and resources stocks of late.
Small wonder given the decline in key commodity prices. And this afternoon has seen a few further hefty falls...
But, contrary to how it might feel of late, the ASX 200 hasn't given back the year's gains. Not yet anyway.
If you're interested in technical analysis and charting, the daily average technical resistance (DATR) is at 5,360, and the weekly average technical resistance (WATR) sits at 5,340.
If you place importance on such things, then a breakdown below 5,340 would indicate a bearish signal.