Technicals - ASX200 index (5202) - technical sell signal generated / target located at 5075

The ASX200 index originally generated a technical buy signal at 5081 on 3/3/16 which was followed by a secondary technical buy signal generated at 5188 on 19/4/16. The subsequent rally resulted in the nominated upside technical target located at 5380 being reached on 11/5/16. Last week it was flagged that the ASX200 index had the potential to generate a technical sell signal(VIEW LINK). The index has now completed a technical top formation / closed below key support which has generated a technical sell signal. The index technicals have turned negative. The minimum downside technical target is located at 5075. The ASX200 index now joins other key global indices - Dow Jones, FTSE, Eurostoxx50, DAX and CAC - which activated technical sell signals last night.