The ASX 200 is consolidating above primary support — between 4000 and 4150 — while the sharp fall of 13-week Twiggs Money Flow below zero warns of strong selling pressure. Failure of primary support would indicate a decline to 3600*. Recovery above 4150 is unlikely but would suggest another test of 4450.
* Target calculation: 4000 – ( 4400 – 4000 ) = 3600
Great technical analysis! Iook forward toour newsletter. Cheers Jan.