The ASX 200 found short-term support at 5200. Recovery above 5400 would signal another advance, but failure is more likely and would indicate another test of primary support at 5000. Declining 13-week Twiggs Money Flow warns of medium-term selling pressure.
* Target calculation: 5450 + ( 5450 – 5050 ) = 5850
The ASX 200 VIX below 20, however, continues to reflect low market risk.
