The ASX 200 is testing resistance at 5380. Rising 21-day Twiggs Money Flow indicates medium-term buying pressure. Follow-through above 5400 would suggest another advance. Respect of 5380 is unlikely, but would warn of another correction.
* Target calculation: 5350 + ( 5350 – 5050 ) = 5650
ASX 200 VIX below 15 indicates low market risk.
the resistance on xao and xjo are at the retracement level 61.8% of the 07 highs and 09 lows. when this is broken I expect big moves up.