ASX All Ordinaries - Daily Chart Big Bearish candle on the AORD...

ASX All Ordinaries - Daily Chart

Big Bearish candle on the AORD today, currently down 1.12%
Bear flag still playing out.
There's a not quite perfect bearish continuation pattern "Falling Three Methods" (circled) that may also indicate further down side.

Next support line is 6211.
After that it will most probably touch and bounce off the 200MA (Blue line).
If that doesn't hold then expect a pretty decent fall in the market to around the 6122-6090 blue shaded area.



Pretty well red day across the board today.
It will be interesting to see what US stocks do tonight.
A drop there would most probably indicate further down side tomorrow..