aus 200 approaching key resistance level on daily and weekly charts resistance is at 6150 . also RSI is overbought in 4 hours chart.
potential of a short sided trade with first target of 6125 and 6100 in extension with a stop loss at 6175.
I'm in, short on the XAT, following initially a 30-min microtrend which is coincident with a potential turning point on the Weekly time frame. In effect this could be a microtrend nested in a macrotrend at this point in time.