The ASX 200 continues to range between 3900/4000 and 4150. Twiggs Money Flow (21-day) oscillating around zero indicates uncertainty. Narrow consolidation below 4150 would be a bullish sign and breakout would test the May high of 4450. Reversal below 3900/4000 is less likely but would warn of a primary decline.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.