The ASX 200 is retracing to test support at 4400/4450. Respect would confirm a primary advance to 4900*. But correction in US markets is likely and would cause a breach of the ASX 200 rising trendline. Respect of 4250, however, would still indicate a healthy up-trend — as would a 13-week Twiggs Money Flow trough above zero.
* Target calculation: 4450 + ( 4450 – 4000 ) = 4900