This is in continuation of the analysis done here on 11/7/2016. I am no longer bullish on ASX 200 since 2/9/2016, when the index went below the May 2016 high of 5427. At that point the inverse head and shoulders pattern failed Also the up move since February this year has far too many overlaps which makes me cautious to now label them as impulsive. Till indicated otherwise I am now bearish on ASX 200. Long term too many possibilities for me to take any view either bullish or bearish.
