All Ords Index Breaks Key Support

Weakness is spreading in Asia as the Australian All Ords Index ($AORD) breaks support from the April lows. The chart below shows the index testing support last week. $AORD closed at 4873 on Monday, which is just below the April lows. Also notice that the index has been underperforming the S&P 500 since late February.

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Click this image for a live chart.

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